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4156 Swift Ave 4 Unit Apartment Building $2,250,000 ($562,500/Unit) 5.03% Cap Rate San Diego, CA 92104



Investment Highlights
- 3BR/1BA Front House + Attached Bedroom + Bath ("studio") + (3) 2BR/1BA Units
- Completed SB 721 balcony Inspections and Repairs
- Additional Landscaping at the property could push rents another 8.8% rent increase!
- Laundry Facility +(4) Garages
- 2 of 4 units are fully remodeled, 1 unit has been upgraded and 1 unit is in original condition
- Huge upside potential with ADUs in the four attached garages!
Executive Summary
Opportunity to acquire a 4-unit property with an additional rental —qualifying buyers for 2–4 unit VA or conventional financing while benefiting from the income of five rentals. The property features 4 garages with ADU potential, offering strong upside for investors looking to create equity. 2 units have been fully renovated, the 3rd unit has been upgraded and 4th is in original condition. Front house is 3BR/1BA with separate 4th BR + BA. The back structure is a triplex featuring a ground floor unit + shared laundry room and 4 garages with 2 units above the garages. Recent improvements include fresh exterior paint, trimmed palm trees, and completed SB 721 balcony inspections and repairs, positioning this as a turnkey opportunity with immediate income and future development potential.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,250,000 | Building Class | C |
| Price Per Unit | $562,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,212 SF |
| Cap Rate | 5.03% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.82 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1931/2022 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Multi-Family 10 units or less | ||
| Price | $2,250,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 14.82 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1931/2022 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multi-Family 10 units or less |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,600 | 912 |
| 2+1 | 3 | $5,000 | 700 |
| Studios | 1 | $1,495 | 200 |
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 447-311-23 | Total Assessment | $1,910,173 |
| Land Assessment | $1,167,328 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $742,845 | Tax Year | 2025 |
Property Taxes
Parcel Number
447-311-23
Land Assessment
$1,167,328
Improvements Assessment
$742,845
Total Assessment
$1,910,173
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4156 Swift Ave
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