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1941 Columbia St 18 Unit Apartment Building $8,495,000 ($471,944/Unit) 4.19% Cap Rate San Diego, CA 92101
EXECUTIVE SUMMARY
In San Diego real estate, there are properties that perform well, and then there are properties
that transcend the market. 1941 Columbia Street is one of those rare opportunities.
Set in the heart of Little Italy, this boutique 18-unit community is more than just an apartment
building — it’s a modern architectural statement inspired by the narrow streets and courtyards
of Venice. Completed in 2014, the property combines timeless design, walkable lifestyle, and
lasting demand drivers that few assets can claim.
Buildings like this simply do not trade often. With just 18 thoughtfully crafted residences, ranging
from efficient studios to expansive penthouses, 1941 Columbia offers investors both stability and
upside in San Diego’s most desirable rental submarket.
We are proud to bring this unique offering to market — a property that is as rare as it is
resilient.
that transcend the market. 1941 Columbia Street is one of those rare opportunities.
Set in the heart of Little Italy, this boutique 18-unit community is more than just an apartment
building — it’s a modern architectural statement inspired by the narrow streets and courtyards
of Venice. Completed in 2014, the property combines timeless design, walkable lifestyle, and
lasting demand drivers that few assets can claim.
Buildings like this simply do not trade often. With just 18 thoughtfully crafted residences, ranging
from efficient studios to expansive penthouses, 1941 Columbia offers investors both stability and
upside in San Diego’s most desirable rental submarket.
We are proud to bring this unique offering to market — a property that is as rare as it is
resilient.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $8,495,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $471,944 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.19% | Building Size | 12,530 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 94% |
| Gross Rent Multiplier | 25 | No. Stories | 5 |
| No. Units | 18 | Year Built | 2014 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C | ||
| Price | $8,495,000 |
| Price Per Unit | $471,944 |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 25 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 12,530 SF |
| Average Occupancy | 94% |
| No. Stories | 5 |
| Year Built | 2014 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Views
- Deck
- Loft Layout
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 245 |
| 1+1 | 6 | - | 455 |
| 2+1 | 7 | - | 952 |
| 2+2 | 2 | - | 1,058 |
| 2+3 | 1 | - | 1,011 |
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Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 533-582-05 | Improvements Assessment | $6,249,619 |
| Land Assessment | $1,201,846 | Total Assessment | $7,451,465 |
PROPERTY TAXES
Parcel Number
533-582-05
Land Assessment
$1,201,846
Improvements Assessment
$6,249,619
Total Assessment
$7,451,465
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1941 Columbia St
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