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Van Dyke Apartments 4344 Van Dyke Ave 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 5.25% Cap Rate San Diego, CA 92105
INVESTMENT HIGHLIGHTS
- Fully remodeled property with value-add potential through rent increases.
- Common area upgrades: stainless steel BBQ, bike rack, refurbished laundry room, new storage lockers.
- Classic Spanish façade with drought-tolerant landscaping and gated entry.
- Interior upgrades: wood laminate floors, designer paint, stainless steel appliances, quartz countertops.
EXECUTIVE SUMMARY
Positioned in the heart of Kensington, one of San Diego’s most sought-after neighborhoods, 4344 Van Dyke Avenue offers investors a rare opportunity to acquire a fully remodeled nine-unit apartment complex with exceptional upside potential. The property blends timeless Spanish-style architecture with modern upgrades, creating a highly desirable living environment. Residents enjoy walkable access to local dining, boutique shops, and community amenities, while proximity to SDSU, Downtown San Diego, and major freeways ensures strong rental demand.
The unit mix—three two-bedroom units, five one-bedroom units, and a newly completed ADU—caters to a diverse tenant base. Recent improvements include drought-tolerant landscaping, gated entry, and upgraded common areas featuring stainless steel BBQ, bike racks, and private storage lockers. Interiors boast wood laminate flooring, quartz countertops, and stainless steel appliances, elevating the property’s appeal. With permits secured for the ADU and market rents trending upward, new ownership can capitalize on immediate value-add opportunities. This offering combines stability, growth potential, and prime location in a thriving urban market.
The unit mix—three two-bedroom units, five one-bedroom units, and a newly completed ADU—caters to a diverse tenant base. Recent improvements include drought-tolerant landscaping, gated entry, and upgraded common areas featuring stainless steel BBQ, bike racks, and private storage lockers. Interiors boast wood laminate flooring, quartz countertops, and stainless steel appliances, elevating the property’s appeal. With permits secured for the ADU and market rents trending upward, new ownership can capitalize on immediate value-add opportunities. This offering combines stability, growth potential, and prime location in a thriving urban market.
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.25% | Building Size | 5,616 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Zoning | R-4 | ||
| Price | $3,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,616 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Grill
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 606 |
| 2+1 | 3 | - | 781 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 471-052-21 | Improvements Assessment | $1,873,032 |
| Land Assessment | $955,087 | Total Assessment | $2,828,119 |
PROPERTY TAXES
Parcel Number
471-052-21
Land Assessment
$955,087
Improvements Assessment
$1,873,032
Total Assessment
$2,828,119
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Van Dyke Apartments | 4344 Van Dyke Ave
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