3-Unit Multifamily
For Sale
Contact for pricing
5242-48 Imperial Ave, San Diego, CA 92114
Fully rented triplex with a two-bedroom unit and two one-bedroom units.
Property Size2,092 SF
Price / SF$405.83
Days on Market172
Property Features for 5242-48 Imperial Ave
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Multifamily
Zoning
R-2
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1965
Buildings
3
Units
3
Listing Agency:
Coldwell Banker West
(858) 735-9914
Listed By:
Danielle Malham · License #01208472
Source:
Crexi
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 31 at 12:40PM
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 Coldwell Banker West
Investment Insights
Based on property information with market context.
This 3-unit multifamily property contains two one-bedroom, one-bath residences and one two-bedroom, one-bath residence. The units are fully rented, providing an established occupancy profile across the building’s residential configuration.
Constructed in 1965, the property includes 2,092 square feet and carries R-2 zoning. The asset is located at 5242-48 Imperial Ave in San Diego, California 92114.
Constructed in 1965, the property includes 2,092 square feet and carries R-2 zoning. The asset is located at 5242-48 Imperial Ave in San Diego, California 92114.
Key Highlights
- Three‑unit multifamily property with all units fully rented
- Unit mix includes two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 2,092 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,478
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$949,560
$949.6K
Cap Rate 7%
$678,257
$678.3K
Cap Rate 9%
$527,533
$527.5K
Market Conditions
NOI Build-Up for 2,092 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$71.5K $34.20/SF
− Vacancy
−$3.7K −$1.78/SF
EGI
$67.8K $32.42/SF
− OpEx
−$20.3K −$9.73/SF
NOI
$47.5K $22.70/SF
Area
ZIP 92114
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$949,560
Cap Rate 7%
$678,257
Cap Rate 9%
$527,533
Alternative Uses
Best Use
Multifamily LT 5
$678.3K
$593.5K – $791.3K
NOI $47,478 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$627.1K
$548.7K – $731.6K
NOI $43,895 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$774.5K
$677.7K – $903.6K
NOI $54,216 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 92114, CA
66,248
Population
18,767
Households
3.5
Avg Household Size
37
Median Age
20%
College-Educated
82%
High-School Grad
8.3 sq mi
ZIP Area
7,982
Density / Sq Mi
$90,171
Median Household Income
$41,312
Median Earnings
$1,741
Median Rent
$604,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully rented triplex with a two-bedroom unit and two one-bedroom units.
Where is this triplex located?
The property is located at 5242-48 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑unit multifamily property with all units fully rented; Unit mix includes two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 2,092 square feet of property size
