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Fully Remodeled, Next to Kensington & SDSU 4410 Highland Ave 4 Unit Apartment Building $2,195,000 ($548,750/Unit) 5.17% Cap Rate San Diego, CA 92115

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Investment Highlights

Fantastic Unit Mix: (2) 3Bdrm/2Bath (~1,025SF) and (2) 2Bdrm/1Bath (~800SF)
Current Cap Rate 5.17%
Strong In-Place Rents

Fully Remodeled Property & Turnkey Units
Excellent Talmadge Location | Bordering Kensington, Near SDSU
North of El Cajon Blvd

Executive Summary

4-Unit fully remodeled property located in the Talmadge neighborhood of San Diego bordering Kensington and near SDSU. Excellent unit mix consisting of two (2) 3Bedroom/2Bathroom (~1,025SF) and two (2) 2Bedroom/1Bathroom (~800SF). All units include in-unit laundry, mini-split air-conditioning, recessed lighting and have either a yard or balcony with onsite parking. The property has a brand new-roof, windows and all units feature new kitchens and bathrooms, luxury vinyl plank flooring, cabinets, quartz counters, a stainless steel appliance package with modern and thoughtful finishes throughout. This low maintenance asset with strong in-place rents is perfect for an owner occupant or investor.

Property Facts

Price	$2,195,000	Apartment Style	Garden
Price Per Unit	$548,750	Building Class	C
Sale Type	Investment	Lot Size	0.16 AC
Cap Rate	5.17%	Building Size	3,540 SF
Gross Rent Multiplier	13.65	No. Stories	2
No. Units	4	Year Built/Renovated	1970/2025
Property Type	Multifamily	Parking Ratio	1.69/1,000 SF
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1-1 - Multi-Family

Price	$2,195,000
Price Per Unit	$548,750
Sale Type	Investment
Cap Rate	5.17%
Gross Rent Multiplier	13.65
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.16 AC
Building Size	3,540 SF
No. Stories	2
Year Built/Renovated	1970/2025
Parking Ratio	1.69/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1-1 - Multi-Family