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4074-4080 30th St 9 Unit Apartment Building $3,445,000 ($382,778/Unit) 4.79% Cap Rate San Diego, CA 92104
INVESTMENT HIGHLIGHTS
- Unrivaled North Park Location on 30th Street
- In-Demand Unit Mix of 1 and 2 Bedroom Units
- W/D, Mini-Split A/C and Dishwashers ALL Units
- Complete Interior/Exterior Renovation in 2022
- Excellent Curb Appeal - Pride of Ownership Asset
EXECUTIVE SUMMARY
We are pleased to offer 4074-80 30th Street, a fully renovated 9-unit property in the heart of San Diego’s North Park neighborhood—boasting a Walk Score of 98. Originally built in 1939 and extensively upgraded in 2022 and 2024, the property sits on a 6,998 SF lot with approximately 5,092 SF of rentable space.
UNIT MIX:
• (1) 2 bdrm / 2 bath
• (8) 1 bdrm / 1 bath
RENOVATIONS & FEATURES:
• Exterior: New paint, dual-pane vinyl windows, low-maintenance landscaping, custom address signage, and modern exterior lighting
• Systems: Full electrical upgrade, epoxy-lined sewer main with new cleanouts, new tankless water heaters for each unit
• Interiors: Luxury vinyl plank flooring, recessed lighting, custom cabinetry and countertops, stainless steel appliances, and fully updated bathrooms
• All Units Include: In-unit stackable washer/dryer, mini-split A/C, and dishwashers
LOCATION HIGHLIGHTS:
Located directly on 30th Street, North Park’s iconic commercial corridor, residents enjoy walkable access to top restaurants, bars, and cafés. The property is within 8 minutes of I-805, SR-163, and I-8, offering excellent regional connectivity.
INVESTMENT HIGHLIGHTS:
This turnkey asset in a trophy location offers strong in-place income, high demand rental units, and long-term appreciation potential.
UNIT MIX:
• (1) 2 bdrm / 2 bath
• (8) 1 bdrm / 1 bath
RENOVATIONS & FEATURES:
• Exterior: New paint, dual-pane vinyl windows, low-maintenance landscaping, custom address signage, and modern exterior lighting
• Systems: Full electrical upgrade, epoxy-lined sewer main with new cleanouts, new tankless water heaters for each unit
• Interiors: Luxury vinyl plank flooring, recessed lighting, custom cabinetry and countertops, stainless steel appliances, and fully updated bathrooms
• All Units Include: In-unit stackable washer/dryer, mini-split A/C, and dishwashers
LOCATION HIGHLIGHTS:
Located directly on 30th Street, North Park’s iconic commercial corridor, residents enjoy walkable access to top restaurants, bars, and cafés. The property is within 8 minutes of I-805, SR-163, and I-8, offering excellent regional connectivity.
INVESTMENT HIGHLIGHTS:
This turnkey asset in a trophy location offers strong in-place income, high demand rental units, and long-term appreciation potential.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $3,445,000 | Apartment Style | Low-Rise |
| Price Per Unit | $382,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.79% | Building Size | 5,092 SF |
| Gross Rent Multiplier | 13.87 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1939/2022 |
| Property Subtype | Apartment | ||
| Zoning | C-3-6 | ||
| Price | $3,445,000 |
| Price Per Unit | $382,778 |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| Gross Rent Multiplier | 13.87 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2022 |
| Zoning | C-3-6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,200 | 538 |
| 2+2 | 1 | $3,095 | 900 |
1 1
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 446-363-25 | Improvements Assessment | $955,087 (2025) |
| Land Assessment | $1,326,510 (2025) | Total Assessment | $2,281,597 (2025) |
PROPERTY TAXES
Parcel Number
446-363-25
Land Assessment
$1,326,510 (2025)
Improvements Assessment
$955,087 (2025)
Total Assessment
$2,281,597 (2025)
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4074-4080 30th St
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