20-Unit Apartment
For Sale
$6,350,000
7114 Tait St, San Diego, CA 92111
Twenty-unit apartment building offering a mix of 3-bedroom and 2-bedroom apartments.
Property Size18,158 SF
Price / SF$349.71
Days on Market157
Property Features for 7114 Tait St
General Information
Standard status
Active
Size
18,158 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Linda Vista
Additional Details
Multifamily Units
20
Building Details
Tenancy
Multi
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Brian F Nelson nelson@scc1031.com · License #01419860
(858) 531-8226
Source:
Viewsandiegohouses
Added: May 20
Changed: Oct 1
Last Checked: Oct 23 at 7:28AM
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 South Coast Commercial, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
7114 Tait St is a 20-unit multifamily apartment building with a unit mix of thirteen 3-bedroom/2-bath units and seven 2-bedroom/1-bath units. The property is presented as an investment opportunity with existing multifamily density and the potential for additional ADU development.
The building is located in the Linda Vista neighborhood of San Diego, CA.
Prospective buyers can review the 3-bedroom and 2-bedroom mix to confirm fit with their investment strategy and underwriting assumptions for the subject units and any contemplated ADU potential.
The building is located in the Linda Vista neighborhood of San Diego, CA.
Prospective buyers can review the 3-bedroom and 2-bedroom mix to confirm fit with their investment strategy and underwriting assumptions for the subject units and any contemplated ADU potential.
Key Highlights
- 20‑unit multifamily apartment building in the Linda Vista neighborhood of San Diego
- Unit mix includes thirteen 3‑bedroom/2‑bath units and seven 2‑bedroom/1‑bath units
- Larger unit mix and existing multifamily density create multiple potential avenues for value creation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,116
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,002,320
$6.0M
Cap Rate 7%
$4,287,371
$4.3M
Cap Rate 9%
$3,334,622
$3.3M
Market Conditions
NOI Build-Up for 18,158 SF
Gross rent
$577.4K $31.80/SF
− Vacancy
−$31.8K −$1.75/SF
EGI
$545.7K $30.05/SF
− OpEx
−$245.5K −$13.52/SF
NOI
$300.1K $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%
$6,002,320
Cap Rate 7%
$4,287,371
Cap Rate 9%
$3,334,622
Alternative Uses
Best Use
Apartment 5plus
$4.29M
$3.75M – $5.00M
NOI $300,116 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.17M
$6.28M – $8.37M
NOI $502,032 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Twenty-unit apartment building offering a mix of 3-bedroom and 2-bedroom apartments.
Where is this multifamily property located?
The property is located at 7114 Tait St San Diego, CA.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: 20‑unit multifamily apartment building in the Linda Vista neighborhood of San Diego; Unit mix includes thirteen 3‑bedroom/2‑bath units and seven 2‑bedroom/1‑bath units; Larger unit mix and existing multifamily density create multiple potential avenues for value creation
