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    4342 Marlborough Ave San Diego, CA 92105-1134
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    Property profile & analytics

    4342 Marlborough Ave San Diego, CA 92105-1134


    • Apartment buildings
    • 6,158 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Nov 14, 2024
    $3,000,000
    Property ID
    US09-6614737
    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

    • Apartment buildings

    Property Details for 4342 Marlborough Ave

    Year built
    1980
    Lot size
    0.14 lot acres
    Property size
    6,158 SF
    Zone code
    R-3:RESTRICTED MULTIPLE
    Property type
    Apartment buildings
    APN
    454-733-24-00
    APU
    4547332400

    Description

    This exceptional 9-unit apartment building presents a compelling investment opportunity in San Diego's desirable Kensington neighborhood. Built in 1980 and extensively renovated in 2016 and 2023, the property boasts a mix of studio, one-bedroom, and two-bedroom units, offering a diversified rental portfolio. The 6,158 square foot building sits on a 6,257 square foot lot and features nine parking spaces. Recent improvements include full interior and exterior renovations, landscaping upgrades, new water lines, a new roof, backflow installation, and the addition of air conditioning units. Two brand-new studio units with in-unit laundry and AC were completed in 2023. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $142,329, representing a 4.32% cap rate. A pro-forma NOI of $166,668 projects a 5.06% cap rate at full market rents. The asking price is $3,295,000, or $366,111 per unit. Approximately $1,150,000 in assumable debt is available at a below-market interest rate of 3.90%, fixed until October 1, 2025, offering significant Day 1 cash-on-cash returns. The property's location provides convenient access to major employment centers, entertainment venues, restaurants, and freeways. The permitted zoning is RM. This is a stabilized investment with strong potential for future appreciation. The property passed recent CA SB721 deck inspections.


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    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.106
    Latitude
    32.7561
    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
    $18,973
    $580,291
    $955,845
    $1,536,136
    -
    $0.00
    $0.00
    $0.00
    More about this property
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