4-Unit Multifamily
New
For Sale
$1,150,000
5388 Imperial Ave, San Diego, CA 92114
RM-3-7 zoning, shared coin-operated laundry, gated access, a courtyard, and resident parking serve the four-unit building.
Property Size3,290 SF
Lot Size0.10 Acres
Price / SF$349.54
Days on Market2
Property Features for 5388 Imperial Ave
General Information
Standard status
Active
Size
3,290 SF
Total Parking Spaces
5
Lot size
0.10 Acres
Property subtype
Investment
Zoning
RM-3-7
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
coin-operated laundry
private courtyard
gated lot
Building Details
Year Built
1973
Buildings
1
Stories
2
Units
4
Construction
stone-and-stucco
Listing Agency:
Daniel W. Withers
Listed By:
Michael Kasser · License #02105892
(619) 382-3750
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:35PM
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 Daniel W. Withers
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Investment Insights
Based on property information with market context.
This San Diego multifamily property contains four 2-bedroom/1-bathroom apartments averaging approximately 800 SF each. The building totals approximately 3,290 gross SF on an approximately 4,428 SF lot and was built in 1973. A shared coin-operated laundry room, private courtyard, fenced and gated grounds, and five dedicated off-street parking spaces are also part of the property. The zoning designation is RM-3-7 for multifamily residential use.
At 5388 Imperial Ave in Valencia Park, the property is within walking distance of Imperial Avenue retail and transit service. Downtown San Diego, National City, and the broader Southeast San Diego employment base are also nearby. Walk Score is 79, Transit Score is 59, and Bike Score is 46.
At 5388 Imperial Ave in Valencia Park, the property is within walking distance of Imperial Avenue retail and transit service. Downtown San Diego, National City, and the broader Southeast San Diego employment base are also nearby. Walk Score is 79, Transit Score is 59, and Bike Score is 46.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Approximately 3,290 gross SF on an approximately 4,428 SF lot
- Units average approximately 800 SF each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,667
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,340
$1.5M
Cap Rate 7%
$1,066,671
$1.1M
Cap Rate 9%
$829,633
$829.6K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$112.5K $34.20/SF
− Vacancy
−$5.9K −$1.78/SF
EGI
$106.7K $32.42/SF
− OpEx
−$32.0K −$9.73/SF
NOI
$74.7K $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 Rate 5%
$1,493,340
Cap Rate 7%
$1,066,671
Cap Rate 9%
$829,633
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$933.3K – $1.24M
NOI $74,667 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$986.2K
$862.9K – $1.15M
NOI $69,032 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,263 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-3-7 zoning, shared coin-operated laundry, gated access, a courtyard, and resident parking serve the four-unit building.
Where is this quadplex located?
The property is located at 5388 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Approximately 3,290 gross SF on an approximately 4,428 SF lot; Units average approximately 800 SF each
