Duplex with Detached Guest
For Sale
Contact for pricing
5321 Santa Margarita, San Diego, CA 92114
Single-level primary residence with a separate rental unit, private outdoor space, and on-site parking.
Property Size2,435 SF
Lot Size0.28 Acres
Price / SF$307.97
Days on Market9
Property Features for 5321 Santa Margarita
General Information
Standard status
Active
Size
2,435 SF
Lot size
0.28 Acres
Property subtype
Multifamily
Zoning
R-2:MINOR
Additional Details
Multifamily Units
2
Amenities
backyard
indoor laundry room
Building Details
Year Built
1951
Buildings
2
Units
2
Construction
wood-frame
Listing Agency:
Mission Realty Group
Listed By:
Marcel Bonee · License #01880761
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 8:30AM
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 Mission Realty Group
Investment Insights
Based on property information with market context.
This duplex property includes a 2,435-square-foot main residence and a detached guest unit positioned above a single-car garage. The primary home offers a single-level floor plan with 4 bedrooms, 2 bathrooms, a large kitchen with gas cooking, microwave, and refrigerator, plus an indoor laundry room. The secondary unit provides 1 bedroom, 1 full bathroom, and access to storage beside the garage. The guest unit is currently occupied by long-term tenants.
Set on a 0.28-acre parcel, the property includes a sizable backyard, a long driveway, and additional garage parking. Wood-frame construction dates to 1951, with newer exterior paint and doors among the reported improvements. R-2:MINOR zoning and the existing two-unit configuration provide a clear residential income property profile.
Set on a 0.28-acre parcel, the property includes a sizable backyard, a long driveway, and additional garage parking. Wood-frame construction dates to 1951, with newer exterior paint and doors among the reported improvements. R-2:MINOR zoning and the existing two-unit configuration provide a clear residential income property profile.
Key Highlights
- 2,435‑square‑foot duplex on a 0.28‑acre parcel
- Main residence includes 4 bedrooms and 2 bathrooms
- Detached 1‑bedroom, 1‑bath guest unit above a single‑car garage
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
$55,263
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
7.37%
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%
$1,105,260
$1.1M
Cap Rate 7%
$789,471
$789.5K
Cap Rate 9%
$614,033
$614.0K
Market Conditions
NOI Build-Up for 2,435 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
$83.3K $34.20/SF
− Vacancy
−$4.3K −$1.78/SF
EGI
$78.9K $32.42/SF
− OpEx
−$23.7K −$9.73/SF
NOI
$55.3K $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%
$1,105,260
Cap Rate 7%
$789,471
Cap Rate 9%
$614,033
Alternative Uses
Best Use
Multifamily LT 5
$789.5K
$690.8K – $921.1K
NOI $55,263 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$729.9K
$638.7K – $851.5K
NOI $51,092 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$901.5K
$788.8K – $1.05M
NOI $63,105 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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?
Duplex - Single-level primary residence with a separate rental unit, private outdoor space, and on-site parking.
Where is this duplex located?
The property is located at 5321 Santa Margarita San Diego, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,435‑square‑foot duplex on a 0.28‑acre parcel; Main residence includes 4 bedrooms and 2 bathrooms; Detached 1‑bedroom, 1‑bath guest unit above a single‑car garage
