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2519 Columbia St 12 Unit Apartment Building $4,100,000 ($341,667/Unit) 5.39% Cap Rate San Diego, CA 92103
Investment Highlights
- 12-unit multifamily investment opportunity located on the edge of San Diego’s Little Italy neighborhood
- Renovated front structure Originally built in 1938 and renovated in 2025 featuring a two-bedroom residence and two one-bedroom units
- Strong rental demand driven by proximity to Little Italy, Downtown San Diego, and the waterfront
- Newly constructed 9-unit studio building (2025) designed for efficient operations and modern urban living
- All-electric new construction building designed with energy efficiency and sustainability in mind
- Monthly Parking Available Across The Street at $180/month
Executive Summary
*CONTACT BROKER FOR OM*
Columbia Studios presents a newly delivered 12-unit multifamily investment opportunity on the edge of San Diego’s Little Italy, one of the city’s most walkable and supply-constrained urban neighborhoods. The property consists of a newly constructed 9-unit studio building (2025) and a fully renovated front structure featuring one two-bedroom and two one-bedroom residences, offering a balanced unit mix designed for modern urban living. Monthly parking is available across the street for $180/month.
The asset is positioned to capture strong renter demand driven by proximity to Downtown San Diego, the waterfront, and Little Italy’s premier dining and retail corridor. Efficient studio layouts, combined with high-quality finishes and in-unit amenities, support premium rental positioning and broad tenant appeal.
With all-electric construction, individual utility metering, and minimal near- term capital requirements, Columbia Studios offers investors a turnkey opportunity with operational efficiency and long-term growth potential in one of Southern California’s most desirable rental markets.
Columbia Studios presents a newly delivered 12-unit multifamily investment opportunity on the edge of San Diego’s Little Italy, one of the city’s most walkable and supply-constrained urban neighborhoods. The property consists of a newly constructed 9-unit studio building (2025) and a fully renovated front structure featuring one two-bedroom and two one-bedroom residences, offering a balanced unit mix designed for modern urban living. Monthly parking is available across the street for $180/month.
The asset is positioned to capture strong renter demand driven by proximity to Downtown San Diego, the waterfront, and Little Italy’s premier dining and retail corridor. Efficient studio layouts, combined with high-quality finishes and in-unit amenities, support premium rental positioning and broad tenant appeal.
With all-electric construction, individual utility metering, and minimal near- term capital requirements, Columbia Studios offers investors a turnkey opportunity with operational efficiency and long-term growth potential in one of Southern California’s most desirable rental markets.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $341,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.39% | Building Size | 4,451 SF |
| Gross Rent Multiplier | 13.03 | Average Occupancy | 50% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Zoning | CC-3-4 | ||
| Price | $4,100,000 |
| Price Per Unit | $341,667 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 13.03 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,451 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | CC-3-4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Tub/Shower
- Views
- Double Pane Windows
- Freezer
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Quartz Countertops
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
- Wheelchair Accessible
- Recycling
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,900 | - |
| 2+1 | 1 | $3,465 | - |
| Studios | 9 | $2,106 | - |
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 533-055-05 | Total Assessment | $1,721,862 |
| Land Assessment | $1,305,702 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $416,160 | Tax Year | 2025 |
Property Taxes
Parcel Number
533-055-05
Land Assessment
$1,305,702
Improvements Assessment
$416,160
Total Assessment
$1,721,862
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2519 Columbia St
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