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2202 30th St 5 Unit Apartment Building $4,000,000 ($800,000/Unit) 4.10% Cap Rate San Diego, CA 92104
Investment Highlights
- Shepard Fairey Mural
- Walkable Location Near Restaurants & Cafes
- 3 residential units and 2 commercial spaces.
- Exposed Brick, Trusses, and Beams
- Verizon Wireless cell tower lease with 4% annual increases
Executive Summary
Landmark South Park Mixed-Use Corner - Featuring Shepard Fairey Mural. Building also includes 2974, 2980, 2982, and 2986 Ivy Street. Rare mixed-use investment opportunity on a prime corner in the heart of South Park. This architecturally distinctive property, designed by acclaimed local architect Jim Brown, includes 3 residential loft style units, 2 commercial suites, and a Verizon Wireless lease. The residential residences with garages and multiple balconies, feature urban character with high ceilings, exposed brick, concrete, wood floors and beams, along with large windows that bring in abundant natural light. The 2 commercial suites provide strong street presence along 30th Street, surrounded by South Park’s popular restaurants, cafés, and local businesses. Centrally located in one of San Diego’s most walkable and desirable neighborhoods, the property is just steps from more than 20 shops, restaurants, and cafés, and minutes from Balboa Park and Downtown.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$238,668
|
$41.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$238,668
|
$41.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,393
|
$7.42
|
| Net Operating Income |
$196,275
|
$34.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $238,668 |
| Annual Per SF | $41.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $238,668 |
| Annual Per SF | $41.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $42,393 |
| Annual Per SF | $7.42 |
| Net Operating Income | |
|---|---|
| Annual | $196,275 |
| Annual Per SF | $34.33 |
Property Facts
Amenities
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Hardwood Floors
- Large Bedrooms
- Floor to Ceiling Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,500 | 891 |
| 2+1 | 1 | $3,500 | 1,185 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 539-093-07 | Improvements Assessment | $1,532,586 |
| Land Assessment | $175,329 | Total Assessment | $1,707,915 |
Property Taxes
Parcel Number
539-093-07
Land Assessment
$175,329
Improvements Assessment
$1,532,586
Total Assessment
$1,707,915
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2202 30th St
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