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320 Willie James Jones Ave 4 Unit Apartment Building $1,450,000 ($362,500/Unit) 5.40% Cap Rate San Diego, CA 92102
Investment Highlights
- Fully renovated property with new roof, new asphalt parking lot, dual pane vinyl windows and more
- Great landscaping including 5 trees bearing different fruit on an auto irrigation system
- Two parking spots PER unit - 10 total
Executive Summary
MOST AFFORDABLE HIGH INCOME 4U ON THE MARKET! Don't miss a tremendous opportunity to own this fully renovated turnkey gem. Two parking spots per unit - yes 10 total - are just the beginning of the story! Brand new roof, new asphalt parking lot, dual pane vinyl windows and full interior remodels to name a few upgrades - please reach out to agent or click douments for the full list. The unit mix boasts two 2BR 2BA, a 2BR 1BA (one BR is smaller), and a 1BR 1BA. The property has two locking storage units, one with power and water. There are even three guava trees, an avocado and a tangerine tree all producing fruit on an auto irrigation system! Please reach out to listing agent today for this exclusive deal! Florian Sighe - 619-894-3030 - florian@thebrowargroup.com
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$110,796
|
$35.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,324
|
$1.07
|
| Effective Gross Income |
$107,472
|
$34.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,626
|
$9.54
|
| Net Operating Income |
$77,846
|
$25.08
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $110,796 |
| Annual Per SF | $35.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,324 |
| Annual Per SF | $1.07 |
| Effective Gross Income | |
|---|---|
| Annual | $107,472 |
| Annual Per SF | $34.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,626 |
| Annual Per SF | $9.54 |
| Net Operating Income | |
|---|---|
| Annual | $77,846 |
| Annual Per SF | $25.08 |
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $362,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,104 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.1 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1974/2026 |
| Property Type | Multifamily | Parking Ratio | 3.22/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4 - Residential | ||
| Price | $1,450,000 |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2026 |
| Parking Ratio | 3.22/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | 925 |
| 2+1 | 1 | - | 700 |
| 1+1 | 1 | - | 600 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 548-130-27 | Improvements Assessment | $232,365 (2025) |
| Land Assessment | $163,280 (2025) | Total Assessment | $395,645 (2025) |
Property Taxes
Parcel Number
548-130-27
Land Assessment
$163,280 (2025)
Improvements Assessment
$232,365 (2025)
Total Assessment
$395,645 (2025)
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320 Willie James Jones Ave
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