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    3570 43Rd St San Diego, CA 92105

    For Sale
    $3,399,000

    High-Cash Flow, Renovated Multifamily

    Property size:
    6,185 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8-unit apartment building in San Diego, CA (3570 43rd St, 92105) presents a compelling investment opportunity. Boasting a 100% occupancy rate and recently completed renovations (2022), this stabilized property offers immediate cash flow. The 6,185 square foot building features a desirable unit mix of seven 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit, all with efficient floor plans. Recent upgrades include a new roof, new flooring, updated vanities and appliances, dual-pane windows, and a gated security system. Additional amenities include on-site laundry and off-street parking. The property's strong financial performance is reflected in its current NOI of $162,347 and a pro-forma NOI of $168,470, yielding a 4.80% cap rate and a pro-forma cap rate of 5.00%. The asking price is $3,399,000, or $424,875 per unit. This meticulously maintained complex provides low maintenance and high-end finishes, attracting modern tenants and ensuring long-term value. Its convenient location offers easy access to schools and freeways, further enhancing its appeal. The property is situated in San Diego County and has an APN of 476-021-31-00. This is a turnkey investment ready for a new owner to enjoy immediate returns.

    Property Features for 3570 43Rd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,185 SF

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • High cash flow, stabilized 8‑unit apartment building with 100% occupancy.
    • Recently renovated (2022) with new roof, flooring, vanities, appliances, dual‑pane windows, and gated security system.
    • Desirable unit mix: seven 2BR/1BA and one 3BR/2BA units.
    • Attractive amenities include off‑street parking, gated security, and on‑site laundry.
    • Low maintenance with minimal expenses needed by new owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.10269814767
    Latitude
    32.743478381925

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    FAQs

    What type of property is this?
    Multifamily property - High-Cash Flow, Renovated Multifamily
    Where is this multifamily property located?
    The property is located at 3570 43Rd St San Diego, CA.
    What is the asking price?
    The asking price for this property is $3,399,000.
    What are key features of this property?
    This property features: High cash flow, stabilized 8-unit apartment building with 100% occupancy.; Recently renovated (2022) with new roof, flooring, vanities, appliances, dual-pane windows, and gated security system.; Desirable unit mix: seven 2BR/1BA and one 3BR/2BA units.
    Request Owner's contact information
    3570 43Rd St San Diego, CA 92105
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    San Diego, CA 92105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3570 43Rd St San Diego, CA 92105
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