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2141 Front St 6 Unit Apartment Building $2,100,000 ($350,000/Unit) 3.25% Cap Rate San Diego, CA 92101
Investment Highlights
- Prime Bankers Hill Location Near Balboa Park, Downtown, and Little Italy
- Recently Renovated w/ Upgraded Electrical Systems & Interior Improvements
- Secure Fenced Entry with Strong Tenant Appeal
- Value-Add Investment Opportunity with Potential Rental Upside
- Units Feature Laminate Flooring, AC, & Select Private Outdoor Areas
- Attractive Price Point for Investors Seeking Growth Potential
Executive Summary
2141 Front Street is a well-located 6-unit investment property in the highly desirable Bankers Hill neighborhood, just minutes from Balboa Park, Downtown San Diego, and Little Italy. The property consists of two separate buildings with a unit mix of two 2-bedroom/1-bath units and four studios. The property has been recently renovated with upgraded electrical systems and interior improvements, and units feature laminate flooring, air conditioning, and functional layouts. Select units offer private outdoor areas, and the property includes a secure fenced entry. This is a compelling value-add opportunity in one of San Diego’s most sought-after central locations with strong long-term rental demand.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | Property Subtype | Apartment |
| Price Per Unit | $350,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.25% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 17.61 | Building Size | 2,739 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2019 |
| Zoning | R3 | ||
| Price | $2,100,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| Gross Rent Multiplier | 17.61 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,739 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2019 |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,348 | 300 - 350 |
| 2+1 | 2 | $2,123 | 700 - 800 |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 533-171-04 | Improvements Assessment | $583,664 |
| Land Assessment | $1,114,268 | Total Assessment | $1,697,932 |
Property Taxes
Parcel Number
533-171-04
Land Assessment
$1,114,268
Improvements Assessment
$583,664
Total Assessment
$1,697,932
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2141 Front St
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