Quadplex with Onsite
For Sale
$2,699,000
Pending
806 Manhattan Ct, San Diego, CA 92109
One residence is vacant alongside a downstairs laundry facility and storage room.
Property Size5,133 SF
Lot Size0.12 Acres
Days on Market49
Property Features for 806 Manhattan Ct
General Information
Standard status
Pending
Size
5,133 SF
Total Parking Spaces
8
Lot size
0.12 Acres
Property subtype
Investment
Occupancy
75%
Site & Location
Neighborhood
Mission Beach
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/2BA, 2 x 2BR/1.5BA
Multifamily Units
4
Amenities
downstairs laundry facility
storage room
Building Details
Building Size
5,133 SF
Year Built
1980
Stories
2
Units
4
Listed By:
Daniel Lemieux · License #1245730
(310) 991-8871
Source:
Elliman
Added: Sep 12
Changed: Oct 30
Last Checked: Oct 28 at 10:35AM
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 Lemieux
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Investment Insights
Based on property information with market context.
Built in 1980, this four-unit apartment property occupies an approximately 5,133-square-foot lot formed by two APNs. The unit mix includes one 3-bedroom/2.5-bath residence, one 2-bedroom/2-bath residence, and two 2-bedroom/1.5-bath residences. Current occupancy is 75%, with one unit vacant. Property features include onsite parking, a 2-car garage, a tandem 4-car parking arrangement, additional parking spaces, a downstairs laundry facility, and a storage room.
The property is located at 806 Manhattan Ct in San Diego’s Mission Beach community, 1 block from the Pacific Ocean and the Mission Bay yacht club. WalkScore is 77, BikeScore is 70, and TransitScore is 32. The site offers a coastal multifamily configuration with varied unit sizes and on-site support amenities.
The property is located at 806 Manhattan Ct in San Diego’s Mission Beach community, 1 block from the Pacific Ocean and the Mission Bay yacht club. WalkScore is 77, BikeScore is 70, and TransitScore is 32. The site offers a coastal multifamily configuration with varied unit sizes and on-site support amenities.
Key Highlights
- Four‑unit apartment property on an approximately 5,133 SF lot
- Unit mix includes one 3‑bedroom/2.5‑bath, one 2‑bedroom/2‑bath, and two 2‑bedroom/1.5‑bath residences
- Current occupancy is 75% with one vacant unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,950
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,000
$1.8M
Cap Rate 7%
$1,313,571
$1.3M
Cap Rate 9%
$1,021,667
$1.0M
Market Conditions
NOI Build-Up for 5,133 SF
Gross rent
$138.6K $27.00/SF
− Vacancy
−$7.2K −$1.41/SF
EGI
$131.4K $25.59/SF
− OpEx
−$39.4K −$7.68/SF
NOI
$91.9K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,000
Cap Rate 7%
$1,313,571
Cap Rate 9%
$1,021,667
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,950 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,838 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$2.03M
$1.77M – $2.37M
NOI $141,917 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 92109, CA
44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence is vacant alongside a downstairs laundry facility and storage room.
Where is this quadplex located?
The property is located at 806 Manhattan Ct San Diego, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Four‑unit apartment property on an approximately 5,133 SF lot; Unit mix includes one 3‑bedroom/2.5‑bath, one 2‑bedroom/2‑bath, and two 2‑bedroom/1.5‑bath residences; Current occupancy is 75% with one vacant unit
