Multifamily Property with On-Site
For Sale
Contact for pricing
5387 Imperial Avenue, San Diego, CA 92114
Updated multi-unit layout includes separately metered two-bedroom units and on-site parking.
Property Size2,159 SF
Lot Size0.12 Acres
Price / SF$463.18
Days on Market164
Property Features for 5387 Imperial Avenue
General Information
Standard status
Active
Size
2,159 SF
Lot size
0.12 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Units
5
Listing Agency:
BuySDHouses
Listed By:
Judith Hernandez · License #02116229
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Sep 1 at 9:28AM
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 BuySDHouses
Investment Insights
Based on property information with market context.
This multifamily property contains 7 bedrooms and 5 bathrooms across 2,159 square feet on a 5,437-square-foot lot. The building includes multiple units, with two-bedroom units separately metered. Recent upgrades completed within the last two years add to the property’s current configuration, while on-site parking supports day-to-day occupancy.
Located on Imperial Avenue in San Diego, the property offers access to major freeways as well as nearby shopping, dining, schools, and parks. Its multi-unit design and separately metered two-bedroom units provide a clearly defined residential income property format.
Located on Imperial Avenue in San Diego, the property offers access to major freeways as well as nearby shopping, dining, schools, and parks. Its multi-unit design and separately metered two-bedroom units provide a clearly defined residential income property format.
Key Highlights
- 7 bedrooms and 5 bathrooms across 2,159 sqft
- 5,437 sqft lot
- Multiple‑unit multifamily configuration
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
$45,301
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
4.53%
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%
$906,020
$906.0K
Cap Rate 7%
$647,157
$647.2K
Cap Rate 9%
$503,344
$503.3K
Market Conditions
NOI Build-Up for 2,159 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
$86.8K $40.20/SF
− Vacancy
−$4.4K −$2.05/SF
EGI
$82.4K $38.15/SF
− OpEx
−$37.1K −$17.17/SF
NOI
$45.3K $20.98/SF
Area
ZIP 92114
Vacancy
5.10%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$906,020
Cap Rate 7%
$647,157
Cap Rate 9%
$503,344
Alternative Uses
Best Use
Apartment 5plus
$647.2K
$566.3K – $755.0K
NOI $45,301 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,952 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
655
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?
Multifamily property - Updated multi-unit layout includes separately metered two-bedroom units and on-site parking.
Where is this multifamily property located?
The property is located at 5387 Imperial Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 7 bedrooms and 5 bathrooms across 2,159 sqft; 5,437 sqft lot; Multiple‑unit multifamily configuration
