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Finestra Lofts 1943-1949 India St 9 Unit Apartment Building $6,300,000 ($700,000/Unit) 3.64% Cap Rate San Diego, CA 92101
EXECUTIVE SUMMARY
$200,000 PRICE REDUCTION! Finestra Lofts is a nine-unit condominium development with a ground-floor commercial space in the heart of San Diego’s vibrant Little Italy. Built in 2006, the modern, five-story building features spacious open-concept layouts, select Bay views, controlled access, elevator service, and secure underground parking. A recorded Final Map allows immediate condo sales or a flexible future exit strategy. With a Walk Score of 99, residents enjoy award-winning dining, nightlife, and the San Diego Trolley just steps away—making this an ideal opportunity for long-term investors or developers targeting a phased condo disposition in one of the city’s most supply-constrained markets.
PROPERTY FACTS
| Price | $6,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $700,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 3.64% | Building Size | 15,810 SF |
| Gross Rent Multiplier | 15.2 | Average Occupancy | 95% |
| No. Units | 9 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Zoning | CCPD-NC, San Diego - Commercial | ||
| Price | $6,300,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 3.64% |
| Gross Rent Multiplier | 15.2 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 15,810 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 2006 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | CCPD-NC, San Diego - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,233 |
| 2+2.5 | 4 | - | 1,630 - 1,850 |
Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 533-223-03 | Improvements Assessment | $2,324,581 |
| Land Assessment | $1,658,365 | Total Assessment | $3,982,946 |
PROPERTY TAXES
Parcel Number
533-223-03
Land Assessment
$1,658,365
Improvements Assessment
$2,324,581
Total Assessment
$3,982,946
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Finestra Lofts | 1943-1949 India St
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