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4341 Texas St 9 Unit Apartment Building $3,250,000 ($361,111/Unit) 5% Cap Rate San Diego, CA 92104
Investment Highlights
- Great unit Mix: 3 (3br-2ba) & 6 (1br-1ba) renovated units with 2 (2 car garages), plus 11 onsite parking spaces
- Interior units upgrades include entire kitchens, entire bathrooms, paint,flooring, window coverings, flooring and more
- Great location in North Park-walk to restaruants,retail and businesses along University/30th
- Exterior upgrades, new windows, paint some siding and gates
Executive Summary
The Mara Apartments, an updated, well maintained 9 unit complex located in the heart of North Park.
The property consist of 3 (3br-1ba) and 6 (1br-1ba) units with 2 (2 car garages), plus 11 onsite parking spaces.
Renovated units include entire kitchen and bathrooms, flooring, ceiling fans, appliances, light fixtures and flooring.
Exterior upgrades include paint, security gates, siding and fencing;
Potential to add ADU's: convert the 2 (2 car) garages, off the alley to ADU's?
Great location close to all the action in North Park, restaurants, retail, shopping and more
Strong CURRENT rents...no need to wait years to bring your rents to near market.
The property consist of 3 (3br-1ba) and 6 (1br-1ba) units with 2 (2 car garages), plus 11 onsite parking spaces.
Renovated units include entire kitchen and bathrooms, flooring, ceiling fans, appliances, light fixtures and flooring.
Exterior upgrades include paint, security gates, siding and fencing;
Potential to add ADU's: convert the 2 (2 car) garages, off the alley to ADU's?
Great location close to all the action in North Park, restaurants, retail, shopping and more
Strong CURRENT rents...no need to wait years to bring your rents to near market.
Data Room Click Here to Access
- Operating and Financials
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| 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
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $361,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5% | Building Size | 5,392 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.9 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-3-9 | ||
| Price | $3,250,000 |
| Price Per Unit | $361,111 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,392 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | RM-3-9 |
Amenities
Unit Amenities
- Refrigerator
- Range
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 445-342-07 | Improvements Assessment | $1,295,400 |
| Land Assessment | $1,428,000 | Total Assessment | $2,723,400 |
Property Taxes
Parcel Number
445-342-07
Land Assessment
$1,428,000
Improvements Assessment
$1,295,400
Total Assessment
$2,723,400
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4341 Texas St
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