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Chateaux Suzanne 4218 46th St 14 Unit Apartment Building $3,150,000 ($225,000/Unit) 5.38% Cap Rate San Diego, CA 92115
INVESTMENT HIGHLIGHTS
- 2025 new roof and solar system, which adds $12,500 to owner's income. Two units with recent updates, others can benefit from a value-add program.
EXECUTIVE SUMMARY
Stabilized value-add opportunity with strong current cash flow and future upside.
Brand new solar system and roof installed in 2025. Solar program managed by Ivy Energy, to the benefit of owner.
Brand new solar system and roof installed in 2025. Solar program managed by Ivy Energy, to the benefit of owner.
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 |
$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 - 2025) 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 Under Contract
| Price | $3,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.38% | Building Size | 5,856 SF |
| Gross Rent Multiplier | 11.23 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 0.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, San Diego - Multifamily | ||
| Price | $3,150,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 11.23 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,856 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, San Diego - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | $1,840 | 420 |
| Studios | 1 | $1,489 | 400 |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 471-302-13 | Total Assessment | $1,471,023 |
| Land Assessment | $490,338 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $980,685 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
471-302-13
Land Assessment
$490,338
Improvements Assessment
$980,685
Total Assessment
$1,471,023
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Chateaux Suzanne | 4218 46th St
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