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2175-2177 Bacon St 7 Unit Apartment Building $3,950,000 ($564,286/Unit) 4.70% Cap Rate San Diego, CA 92107
Investment Highlights
- New Construction in Ocean Beach (2026) - Newly completed 7-unit asset featuring modern design, high-quality finishes, minimal deferred maintenance
- Prime Coastal Location – Walkable to the Beach - Located three blocks from the beach and within walking distance to Ocean Beach’s restaurants & cafes
- Additional Income Potential Through Storage & Garages - Each unit includes new exterior storage, with the option to add interior closets
- Owner/User Or High-Yield Beach Investment - Owner/Occupy the rear house & lease remaining units or rent all units for high-yeild passive investment
- Strong Unit Mix with Broad Tenant Appeal - Comprised of 4 two-bedroom units, 2 one-bedroom & 1 rear casita catering to a diverse renter pool
- High-End Features & Tenant Amenities- Units include stainless steel appliances, in-unit washer/ dryer, central air conditioning, contemporary finishes
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $564,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.70% | Building Size | 3,900 SF |
| Gross Rent Multiplier | 14.73 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1932/2026 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Zoning | R-175 - Low-Density | ||
| Price | $3,950,000 |
| Price Per Unit | $564,286 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.73 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1932/2026 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R-175 - Low-Density |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Dining Room
- Double Pane Windows
- Garden
- Lawn
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $3,412 | 450 - 600 |
| 1+1 | 4 | $3,190 | 600 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 448-122-02 | Improvements Assessment | $166,137 (2026) |
| Land Assessment | $1,765,212 (2026) | Total Assessment | $1,931,349 (2026) |
Property Taxes
Parcel Number
448-122-02
Land Assessment
$1,765,212 (2026)
Improvements Assessment
$166,137 (2026)
Total Assessment
$1,931,349 (2026)
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