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Property profile & analytics
FOR SALE
Apartment buildings
4373 51St St San Diego, CA 92105
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8857331
For Sale
1 / 4
$1,450,000
4373 51St St, San Diego, CA 92105
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
3,658 SF
Lot
0.14 ac (6,250 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
472-032-03-00
UPID
US09-8857331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Michael Gabe · 5 yrs held
Michael Gabe
since 2021
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+28.4%
Retail stores
$1.2M
+28.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$920,000
Current use
WAREHOUSE, STORAGE
$1,180,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,180,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$200 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,306
Tax year 2024
Assessed value
$1,563,910
Assessed 2024
Previous assessed
$1,563,910
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$634,312
Assessed improvement
$929,598
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1980
Heating
NONE
Units
7
Bathrooms
7
Total area
3,658 SF
Lot
0.14 ac (6,250 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
472-032-03-00
UPID
US09-8857331
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · San Diego, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Units
7
Bathrooms
7
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michael Gabe
Individual
Mailing address
3847 SIENNA CYN CT, ENCINITAS, CA 92024-5538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
—
Michael Gabe
Gamb LLC
Grant Deed
$1,000,000 · Pacific Premier Bank
Jun 7, 2019
$1,430,000
Gamb LLC
Cosmo Real Estate Investment LLC
Grant Deed
$1,072,500 · Opus Bank
Apr 3, 2017
—
Cosmo Real Estate Inv LLC
Valenzuela,fernando A
Quit Claim Deed
—
Feb 28, 2017
$1,120,000
Fernando A Valenzuela
Khaireddin Living Trust
Grant Deed
—
Jun 5, 2007
—
Khaireddin Living Trust
Khaireddin,marwan J & Hiam M
Quit Claim Deed
related
—
May 31, 2007
—
Marwan J Khaireddin
Khaireddin,marwan J
Quit Claim Deed
related
—
Feb 28, 1995
$140,000
Khaireddin,marwan J
California Federal Bank
Trustees Deed
$112,000 · California Federal Bank
Feb 28, 1995
—
Marwan J Khaireddin
Khaireddin,hiam M
Quit Claim Deed
related
—
Aug 30, 1994
$154,415
California Federal Bank
Hughes,john R &
Trustees Deed
related
—
Jul 29, 1993
—
John R Hughes
Ward,david F
Quit Claim Deed
related
—
Nov 16, 1990
$230,000
John R Hughes JR.
Cal Fed Bank
Grant Deed
$195,500 · Seller
Apr 23, 1990
$204,645
John S Mckee
Dallenbach Danie
Trustees Deed
—
Aug 30, 1989
$245,500
Delia Tucker
Consolidated Inv
Grant Deed
$10,000 · El Dorado Asset
Jul 12, 1989
$237,000
Consolidated Inv
El Dorado Asset
Grant Deed
$52,000 · Great American Fed'l Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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