Eight-Unit Apartment Building with Updated
5752-58 Riley St, San Diego, CA 92110
For Sale
$2,200,000
Eight-unit residential income property with studios and 1- and 2-bedroom units plus updated dual-pane vinyl windows.
Property Size4,574 SF
Price / SF$480.98
Days on Market144
Property Features for 5752-58 Riley St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Amenities
Prime Central Location - Minutes to Mission Bay, Old Town, USD, Downtown San Diego and More
Rarely Traded Morena Submaket - Across the Street from University of San Diego
Value-Add Opportunity with 22% Renovation Upside
Various Capital Improvements Including Dual Pane Vinyl Windows and Passed SB721 Inspection
Building Details
Year Built
Units
Listing Agency:
Marcus & Millichap; 858-775-9825
Listed By:
Ben Sierpina · License #License(s): CA: 02062416
(858) 373-3215
Source:
Marcusmillichap
Added: Jun 17
Changed: Oct 26
Last Checked: Nov 6 at 5:07AM
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 Marcus & Millichap; 858-775-9825
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Investment Insights
Based on property information with market context.
This 8-unit apartment property was originally constructed in 1958 and is presented as a value-add opportunity. The building features a pitched roof and low-maintenance common areas, with updated dual-pane vinyl windows installed throughout. The property totals 4,574 square feet on a 4,976 square-foot lot and offers a unit mix of two studios, four 1-bedroom/1-bath units, and two 2-bedroom/1-bath units, supporting a broad urban tenant base. Reported capital improvements by the current ownership include LVP flooring and completion of a passed SB721 inspection.
On-site amenities include laundry, and the property provides five off-street parking spaces. Select units also offer partial views of Mission Bay/Point Loma. The asset is located in the Morena submarket of San Diego, with positioning described as minutes from Mission Bay and Pacific Beach and convenient access to major freeways, retail amenities, public transportation, and coastal recreation.
For investors, the existing configuration and maintenance history create a practical foundation for strategic unit renovations and operational efficiencies. The offering materials describe a path to increase NOI by 46.9% and bring rents to current market levels, supported by the existing unit mix and the ability to refresh interiors while maintaining an efficient, renter-friendly floor plan mix.
On-site amenities include laundry, and the property provides five off-street parking spaces. Select units also offer partial views of Mission Bay/Point Loma. The asset is located in the Morena submarket of San Diego, with positioning described as minutes from Mission Bay and Pacific Beach and convenient access to major freeways, retail amenities, public transportation, and coastal recreation.
For investors, the existing configuration and maintenance history create a practical foundation for strategic unit renovations and operational efficiencies. The offering materials describe a path to increase NOI by 46.9% and bring rents to current market levels, supported by the existing unit mix and the ability to refresh interiors while maintaining an efficient, renter-friendly floor plan mix.
Key Highlights
- 8‑unit apartment building built in 1958 with a 4,574 SF building on a 4,976 SF lot
- Unit mix includes 2 studios, 4 one‑bedroom/1‑bath, and 2 two‑bedroom/1‑bath units
- Updated dual‑pane vinyl windows installed throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,599
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,980
$1.5M
Cap Rate 7%
$1,079,986
$1.1M
Cap Rate 9%
$839,989
$840.0K
Market Conditions
NOI Build-Up for 4,574 SF
Gross rent
$145.5K $31.80/SF
− Vacancy
−$8.0K −$1.75/SF
EGI
$137.5K $30.05/SF
− OpEx
−$61.9K −$13.52/SF
NOI
$75.6K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,980
Cap Rate 7%
$1,079,986
Cap Rate 9%
$839,989
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$945.0K – $1.26M
NOI $75,599 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,462 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 92110, CA
31,048
Population
13,227
Households
2.3
Avg Household Size
34
Median Age
54%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
6,210
Density / Sq Mi
$102,508
Median Household Income
$52,150
Median Earnings
$2,298
Median Rent
$885,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Diego, CA
Properties on Market for Apartment buildings in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit residential income property with studios and 1- and 2-bedroom units plus updated dual-pane vinyl windows.
Where is this apartment building located?
The property is located at 5752-58 Riley St San Diego, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1958 with a 4,574 SF building on a 4,976 SF lot; Unit mix includes 2 studios, 4 one‑bedroom/1‑bath, and 2 two‑bedroom/1‑bath units; Updated dual‑pane vinyl windows installed throughout the building
