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London Terrace Apartments 4070-4078 Texas St 9 Unit Apartment Building $3,300,000 ($366,667/Unit) 5.01% Cap Rate San Diego, CA 92104
Investment Highlights
- Quality building, eye appeal, professionally managed
Executive Summary
9 units, all 2 bedrooms, central North Park neighborhood , San Diego 92104, Seller to cash out, not an exchange. Contact 2nd Agent Charles Jolly, 858-336-9531, charlesjolly3@gmail.com, for rent roll and financials. Capital Improvements for 2025 were $16,927
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$254,660
|
$36.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$254,660
|
$36.40
|
| Taxes |
-
|
-
|
| Operating Expenses |
$73,525
|
$10.51
|
| Total Expenses |
$73,525
|
$10.51
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $254,660 |
| Annual Per SF | $36.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $254,660 |
| Annual Per SF | $36.40 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $73,525 |
| Annual Per SF | $10.51 |
| Total Expenses | |
|---|---|
| Annual | $73,525 |
| Annual Per SF | $10.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,300,000 | Building Class | C |
| Price Per Unit | $366,667 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,996 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 9 | Year Built | 2000 |
| Property Type | Multifamily | Parking Ratio | 0.57/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-3-7 - Multi Family | ||
| Price | $3,300,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 13 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,996 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 0.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-3-7 - Multi Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,695 | 800 - 900 |
| 2+1 | 8 | $2,295 | 900 - 1,000 |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 445-572-28 | Improvements Assessment | $217,197 |
| Land Assessment | $83,100 | Total Assessment | $300,297 |
Property Taxes
Parcel Number
445-572-28
Land Assessment
$83,100
Improvements Assessment
$217,197
Total Assessment
$300,297
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London Terrace Apartments | 4070-4078 Texas St
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