Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1624 Una St San Diego, CA 92113

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1624 Una St San Diego, CA 92113

    View on Map
    • Commercial real estate
    • 2,800 SF
    Off-Market
    Property ID
    US09-6755672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1624 Una St

    Year built
    1960
    Property size
    2,800 SF
    Property type
    Commercial real estate
    APN
    550-600-16-00

    Description

    This exceptional four-unit apartment building, located at 1624 Una St in San Diego, CA 92113, presents a compelling investment opportunity. Built in 1960 and extensively renovated in 2018, the property boasts 2,800 square feet on a 3,047 square foot lot (APN: 550-600-16-00). All four units are two-bedroom, one-bathroom apartments, offering a desirable and consistent unit mix. The 2018 renovation encompassed new kitchens, bathrooms, flooring, and windows, along with upgraded electrical and plumbing systems. Modern finishes include stainless steel appliances, quartz countertops, and shaker cabinets. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $78,264, representing a 6.04% cap rate. Pro-forma NOI is projected at $83,364, yielding a 6.44% cap rate. The asking price is $1,295,000, or $323,750 per unit. This stabilized investment is ideally situated in Southcrest, minutes from Downtown San Diego and major employment centers, making it an attractive option for both new and experienced investors seeking a low-maintenance, high-cash-flow property. The property's strong unit mix and recent renovations ensure long-term rental demand and minimize future capital expenditures. This is a turnkey investment ready for immediate cash flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1142701
    Latitude
    32.689828

    Comparable in this City

    • $3,895,000
      8,144 SF

      New 8-Unit Townhome Community

      New construction 8-unit townhome community in central San Diego.
      837 S 47Th St, San Diego, CA 92113
      View Details
    • $699,000

      Two Homes on One Lot

      Two homes on a single lot, ideal for rental income.
      4363 Keeler Ave, San Diego, CA 92113
      View Details
    • $1,424,995
      2,905 SF

      Newer San Diego Triplex For Sale

      Upgraded 3-unit property built in 2020 with modern amenities.
      3775 Teak St, San Diego, CA 92113
      View Details

    Similar Nearby for Sale

    • $3,895,000
      8,144 SF

      New 8-Unit Townhome Community

      New construction 8-unit townhome community in central San Diego.
      837 S 47Th St, San Diego, CA 92113
      View Details
    • $699,000

      Two Homes on One Lot

      Two homes on a single lot, ideal for rental income.
      4363 Keeler Ave, San Diego, CA 92113
      View Details
    • $1,424,995
      2,905 SF

      Newer San Diego Triplex For Sale

      Upgraded 3-unit property built in 2020 with modern amenities.
      3775 Teak St, San Diego, CA 92113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Kitchen Spaces for Rent

      Private commercial kitchens for catering, food prep, and supply hubs.
      2707 Boston Ave, San Diego, CA 92113
      View Details
    • Contact for pricing
      2,670 SF

      Retail Space in Shopping Center

      Retail space available in a shopping center with strong tenants.
      3582 National Ave, San Diego, CA 92113
      View Details
    • Contact for pricing
      5,000 SF

      Warehouse/Showroom Near I-5 & SR-94

      8,825 SF warehouse/showroom with great access to major routes.
      2031 Commercial St, San Diego, CA 92113
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space available for lease in San Diego, CA.
      1346 S 28Th St, San Diego, CA 92113
      View Details
    • Contact for pricing
      1,320 SF

      Retail Project in Densely Populated Area

      Retail space in high-traffic area with limited competition.
      2850 National Ave, San Diego, CA 92113
      View Details
    • Contact for pricing
      15,185 SF

      Industrial Warehouse Space Available

      15,185 square foot warehouse space for lease.
      1673 Newton Ave, San Diego, CA 92113
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1624 Una St
    San Diego, CA 92113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!