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Sofia Lofts(Fully Leased) 3045-3057 Broadway 17 Unit Apartment Building $8,955,000 ($526,765/Unit) 4% Cap Rate San Diego, CA 92102



INVESTMENT HIGHLIGHTS
- Each Unit has Solar = Very low to nothing Utility Bill
- Location
EXECUTIVE SUMMARY
Sofia Lofts is a 17-unit, architecturally distinct multifamily community in the heart of San Diego’s vibrant Golden Hill. Built in 2014 by award-winning Nakhshab Development & Design, this LEED Platinum-certified property combines modern aesthetics, energy efficiency, and exceptional tenant amenities—all within a walkable, transit-friendly location just minutes from Downtown, Balboa Park, and South Park.
The property spans four parcels on 0.40 acres and features 13,796 rentable SF. Units range from efficient studios to spacious 2-bedroom residences, plus a fully restored 3BR/2BA historic house. Residences offer open floor plans, floor-to-ceiling windows, sealed concrete floors, quartz countertops, stainless steel appliances, in-unit laundry, and private or Juliette balconies. Select units enjoy views into a landscaped courtyard, which includes a communal BBQ area, fire pit, lounge seating, and an outdoor movie screen.
Sofia Lofts is a sustainable investment with a 90 LEED score, solar panels, ductless HVAC, Energy Star appliances, dual-pane windows, and EV chargers. Each unit is separately metered, with water sub-metering in place. Tenants enjoy secured access, 15 private garages, and business-grade Google Fiber internet.
Located in the eclectic Golden Hill neighborhood, Sofia Lofts boasts a 78 Walk Score and easy access to public transit and major freeways. Residents are within walking distance to restaurants, grocers, coffee shops, and local schools.
The property spans four parcels on 0.40 acres and features 13,796 rentable SF. Units range from efficient studios to spacious 2-bedroom residences, plus a fully restored 3BR/2BA historic house. Residences offer open floor plans, floor-to-ceiling windows, sealed concrete floors, quartz countertops, stainless steel appliances, in-unit laundry, and private or Juliette balconies. Select units enjoy views into a landscaped courtyard, which includes a communal BBQ area, fire pit, lounge seating, and an outdoor movie screen.
Sofia Lofts is a sustainable investment with a 90 LEED score, solar panels, ductless HVAC, Energy Star appliances, dual-pane windows, and EV chargers. Each unit is separately metered, with water sub-metering in place. Tenants enjoy secured access, 15 private garages, and business-grade Google Fiber internet.
Located in the eclectic Golden Hill neighborhood, Sofia Lofts boasts a 78 Walk Score and easy access to public transit and major freeways. Residents are within walking distance to restaurants, grocers, coffee shops, and local schools.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $8,955,000 | Building Class | B |
| Price Per Unit | $526,765 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 13,796 SF |
| Cap Rate | 4% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17 | No. Stories | 3 |
| No. Units | 17 | Year Built | 2014 |
| Property Type | Multifamily | Parking Ratio | 1.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-3-7 | ||
| Price | $8,955,000 |
| Price Per Unit | $526,765 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 17 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 13,796 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2014 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-3-7 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Skylights
- Window Coverings
SITE AMENITIES
- Controlled Access
- Picnic Area
- Gated
- Grill
- Media Center/Movie Theatre
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 465 - 807 |
| 2+1 | 6 | - | 850 - 1,037 |
| 3+2 | 1 | - | 1,683 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,483,866 (2025) | |
| Land Assessment | $929,943 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,553,923 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$929,943 (2025)
Improvements Assessment
$2,553,923 (2025)
Total Assessment
$3,483,866 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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MATTERPORT 3D TOUR
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Sofia Lofts(Fully Leased) | 3045-3057 Broadway
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