Gated Two-Story Apartment
For Sale
$7,400,000
8546 Graham Ter, Santee, CA 92071
The property contains 28 one- and two-bedroom units within a gated residential community.
Property Size26,964 SF
Price / SF$274.44
Days on Market129
Property Features for 8546 Graham Ter
General Information
Standard status
Active
Size
26,964 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
28
Amenities
gated community
Building Details
Stories
2
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Brian F Nelson nelson@scc1031.com
Source:
Viewsandiegorealestate
Added: Jun 26
Changed: Oct 31
Last Checked: Nov 1 at 6:11AM
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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Investment Insights
Based on property information with market context.
Graham Terrace Apartments is a 28-unit apartment property at 8546 Graham Ter in Santee, California. The community contains a mix of one- and two-bedroom residences within a gated, two-story configuration. The property encompasses 26,964 square feet and is identified as an apartment building within the East San Diego County market. In-place occupancy and rental demand are cited as current operating characteristics. The property is offered for sale as a multifamily asset, with unit improvements and management changes referenced as potential avenues for future rental growth.
Key Highlights
- 28‑unit apartment property
- Mix of one- and two‑bedroom units
- 26,964 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,020
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,400
$9.0M
Cap Rate 7%
$6,400,286
$6.4M
Cap Rate 9%
$4,978,000
$5.0M
Market Conditions
NOI Build-Up for 26,964 SF
Gross rent
$857.5K $31.80/SF
− Vacancy
−$42.9K −$1.59/SF
EGI
$814.6K $30.21/SF
− OpEx
−$366.6K −$13.59/SF
NOI
$448.0K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,400
Cap Rate 7%
$6,400,286
Cap Rate 9%
$4,978,000
Alternative Uses
Best Use
Apartment 5plus
$6.40M
$5.60M – $7.47M
NOI $448,020 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.35M
$10.81M – $14.41M
NOI $864,781 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 92071, CA
60,163
Population
21,732
Households
2.8
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
18.8 sq mi
ZIP Area
3,200
Density / Sq Mi
$105,603
Median Household Income
$57,045
Median Earnings
$2,202
Median Rent
$654,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property contains 28 one- and two-bedroom units within a gated residential community.
Where is this apartment building located?
The property is located at 8546 Graham Ter Santee, CA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 28‑unit apartment property; Mix of one- and two‑bedroom units; 26,964 square feet
