Renovated Duplex with Outdoor
New
For Sale
$1,600,000
5103 05 Gary St, San Diego, CA 92115
Two four-bedroom units near San Diego State University include private outdoor areas and a shared backyard.
Property Size2,555 SF
Lot Size0.18 Acres
Price / SF$626.22
Days on Market6
Property Features for 5103 05 Gary St
General Information
Standard status
Active
Size
2,555 SF
Lot size
0.18 Acres
Property subtype
Investment
Financials
Cap Rate
5.63%
Gross Income
$131,520
Site & Location
Neighborhood
College East
Units
Unit Mix
2 x 4Bed/2Bath
Multifamily Units
2
Building Details
Year Built
1955
Units
2
Listing Agency:
Landmark Multifamily and Development
Listed By:
Daniel Sipher · License #02043589
(408) 368-5225
Source:
Elliman
Added: Oct 19
Last Checked: Oct 23 at 10:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Multifamily and Development
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Investment Insights
Based on property information with market context.
This renovated duplex contains two 4-bedroom, 2-bath units totaling approximately 2,555 square feet on a 7,900-square-foot lot. One residence has a two-story layout and a private balcony. The property also includes a backyard with a wood deck and turf, plus an oversized driveway. Built in 1955, the duplex has undergone a full renovation.
The College Area property is minutes from San Diego State University. Walk Score is 64, Bike Score is 61, and Transit Score is 57. Current rents total $10,960 per month, with a 5.63% current cap rate; estimated market rents are $12,000 per month.
The College Area property is minutes from San Diego State University. Walk Score is 64, Bike Score is 61, and Transit Score is 57. Current rents total $10,960 per month, with a 5.63% current cap rate; estimated market rents are $12,000 per month.
Key Highlights
- Two 4‑bedroom, 2‑bath units; approximately 2,555 SF combined
- 7,900 SF lot with a backyard, wood deck, and turf
- One unit has a two‑story layout and private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,769
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,380
$915.4K
Cap Rate 7%
$653,843
$653.8K
Cap Rate 9%
$508,544
$508.5K
Market Conditions
NOI Build-Up for 2,555 SF
Gross rent
$69.0K $27.00/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$65.4K $25.59/SF
− OpEx
−$19.6K −$7.68/SF
NOI
$45.8K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,380
Cap Rate 7%
$653,843
Cap Rate 9%
$508,544
Alternative Uses
Best Use
Multifamily LT 5
$653.8K
$572.1K – $762.8K
NOI $45,769 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$603.3K
$527.9K – $703.8K
NOI $42,229 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.01M
$883.0K – $1.18M
NOI $70,641 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
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Business Placement
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom units near San Diego State University include private outdoor areas and a shared backyard.
Where is this duplex located?
The property is located at 5103 05 Gary St San Diego, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two 4‑bedroom, 2‑bath units; approximately 2,555 SF combined; 7,900 SF lot with a backyard, wood deck, and turf; One unit has a two‑story layout and private balcony
