8-Unit Multifamily with Updated
For Sale
$2,350,000
5752 Riley St, San Diego, CA 92110
Built in 1958, the 8-unit property features updated dual-pane vinyl windows and a mix of studio through 2-bedroom units.
Property Size4,574 SF
Lot Size0.11 Acres
Price / SF$513.77
Days on Market82
Property Features for 5752 Riley St
General Information
Standard status
Active
Size
4,574 SF
Total Parking Spaces
5
Lot size
0.11 Acres
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Ben Sierpina · License #02062416
(858) 775-9825
Source:
Velocityrealtysd
Added: Jun 16
Changed: Sep 2
Last Checked: Sep 4 at 11:10AM
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
Investment Insights
Based on property information with market context.
This 8-unit multifamily property was originally constructed in 1958 and features a pitched roof and low-maintenance common areas. The unit mix includes two studios, four 1-bedroom/1-bath units, and two 2-bedroom/1-bath units. Updates reported by current ownership include dual-pane vinyl windows installed throughout and LVP flooring.
The building also has an on-site laundry amenity and five off-street parking spaces. A passed SB721 inspection is noted in the remarks, along with partial views of Mission Bay/Point Loma in select units. The property is being offered as a value-add investment opportunity.
The ownership has continued maintenance and completed the capital improvements described, supporting the existing mix of efficient floor plans across studio, 1-bedroom, and 2-bedroom units.
The building also has an on-site laundry amenity and five off-street parking spaces. A passed SB721 inspection is noted in the remarks, along with partial views of Mission Bay/Point Loma in select units. The property is being offered as a value-add investment opportunity.
The ownership has continued maintenance and completed the capital improvements described, supporting the existing mix of efficient floor plans across studio, 1-bedroom, and 2-bedroom units.
Key Highlights
- 8‑unit multifamily property at 5752‑58 Riley Street, originally constructed in 1958
- Unit mix: (2) studios, (4) 1 bed/1 bath, and (2) 2 bed/1 bath—4, 574 SF total on a 4, 976 SF lot
- Updated dual‑pane vinyl windows installed throughout the building, plus updated in‑unit LVP flooring
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
$75,599
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
3.22%
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%
$1,511,980
$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
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
$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 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%
$1,511,980
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 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,462 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1958, the 8-unit property features updated dual-pane vinyl windows and a mix of studio through 2-bedroom units.
Where is this apartment building located?
The property is located at 5752 Riley St San Diego, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8‑unit multifamily property at 5752‑58 Riley Street, originally constructed in 1958; Unit mix: (2) studios, (4) 1 bed/1 bath, and (2) 2 bed/1 bath—4, 574 SF total on a 4, 976 SF lot; Updated dual‑pane vinyl windows installed throughout the building, plus updated in‑unit LVP flooring
