Quadplex
For Sale
$1,050,000
7331 North Ave, Lemon Grove, CA 91945
For sale quadplex located off North Avenue in San Diego County.
Property Size3,413 SF
Days on Market95
Property Features for 7331 North Ave
General Information
Standard status
Active
Size
3,413 SF
Zoning
Commercial / Light indust
Building Details
Building Size
3,413 SF
Year Built
1994
Buildings
1
Stories
2
Listed By:
Silvia Castro
(619) 548-8383
Source:
Evrealestate
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 4 at 3:52AM
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 Silvia Castro
Investment Insights
Based on property information with market context.
This quadplex property is available for sale and offers an income-oriented residential configuration within San Diego County. The address is 7331 North Ave, Lemon Grove, CA 91945.
Directions note the property is located off North Avenue. Additional details about unit count, size, or condition were not provided in the available information.
Directions note the property is located off North Avenue. Additional details about unit count, size, or condition were not provided in the available information.
Key Highlights
- Quadplex for sale in San Diego County, located off North Avenue
- Year built: 1994
- Heating: none listed
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
$61,151
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
5.82%
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%
$1,223,020
$1.2M
Cap Rate 7%
$873,586
$873.6K
Cap Rate 9%
$679,456
$679.5K
Market Conditions
NOI Build-Up for 3,413 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
$92.2K $27.00/SF
− Vacancy
−$4.8K −$1.40/SF
EGI
$87.4K $25.60/SF
− OpEx
−$26.2K −$7.68/SF
NOI
$61.2K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,223,020
Cap Rate 7%
$873,586
Cap Rate 9%
$679,456
Alternative Uses
Best Use
Multifamily LT 5
$873.6K
$764.4K – $1.02M
NOI $61,151 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$810.1K
$708.9K – $945.2K
NOI $56,709 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 91945, CA
27,814
Population
9,715
Households
2.9
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
4.0 sq mi
ZIP Area
6,954
Density / Sq Mi
$79,381
Median Household Income
$41,727
Median Earnings
$1,769
Median Rent
$640,500
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?
Quadplex - For sale quadplex located off North Avenue in San Diego County.
Where is this quadplex located?
The property is located at 7331 North Ave Lemon Grove, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Quadplex for sale in San Diego County, located off North Avenue; Year built: 1994; Heating: none listed
