1926 Fortuna Ave, Unit 42 San Diego, CA 92109-6116
Property profile & analytics
1926 Fortuna Ave, Unit 42 San Diego, CA 92109-6116
- Apartment buildings
- 3,762 SF
- 0.17 lot acres
Property ID
US09-7305830
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.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1926 Fortuna Ave
- Year built
- 1950
- Lot size
- 0.17 lot acres
- Property size
- 3,762 SF
- Zone code
- R-3:RESTRICTED MULTIPLE
- Property type
- Apartment buildings
- APN
- 424-431-14-00
- APU
- 4244311400
Description
This exceptional 8-unit apartment building, located at 1926 Fortuna Ave, San Diego, CA 92109, presents a compelling investment opportunity. The property, situated in the desirable Crown Point neighborhood, consists of three buildings, each two stories high, totaling eight units. Built in 1955, the complex offers a blend of renovated and unrenovated units. Four units have been recently renovated and are achieving market rents, providing immediate income and demonstrating the potential for value appreciation. The remaining four units offer a significant value-add opportunity for the new owner to increase profitability. The property's location is a key advantage, situated just one block from Mission Bay and 1.5 miles from Pacific Beach. This proximity to desirable amenities and recreational areas ensures strong tenant demand. The property's APN is 424-431-14-00. The asking price is $3,720,000, representing a price per unit of $465,000 and a pro-forma cap rate of 5.40%. The potential for adding accessory dwelling units (ADUs) further enhances the long-term investment potential of this property. This is a rare opportunity to acquire a well-located multifamily asset with significant upside potential in a thriving San Diego neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,600,000
- ML approach
- $2,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,396,000
Market price range: $969k - $2.40M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,830,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,845,000 Change: +110% Conversion: Difficult
- RETAIL STORES
- $2,750,000 Change: +50% Conversion: Difficult
- MEDICAL BUILDING
- $2,190,000 Change: +20% Conversion: Moderate
- OFFICE BUILDING
- $1,590,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.232
- Latitude
- 32.7939
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$38,890
$2,805,000
$357,000
$3,162,000
-
$0.00
$0.00
$0.00
