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4 Units | 5 SDGE Meters | Plumbed Garage 4515 35th Pl 6 Unit Apartment Building $1,700,000 ($283,333/Unit) 7.38% Cap Rate San Diego, CA 92116
Investment Highlights
- 4 units and 5 SDGE Meters
- ADU potential with garage conversion
- Casita style units w/private patios/yards
- Garage space already plumbed for all utilities
- On-site tandem parking
- In-unit laundry
Executive Summary
Please review marketing package. Values based off pro-forma. 1 to be delivered vacant. Four well located 2Bed 1Bath casita style units for sale. Detached garage space is ripe for ADU conversion into a 5th and/or 6th unit. Space is already plumbed for all utilities plus private yard space! 5 Meters on-site. Each unit has one shared wall and is approximately 600sf. Units were built in 1946 and well maintained with ample opportunity to modernize. Each unit has private laundry and a dedicated water heater with some private outdoor space (patio and/or yard space). Each tenant has a private outdoor patio space in the rear. This site can be utilized as an ADU. Owners upgraded the wooden fence in the front and added a deck for private tenant use. Financial reflects pro-forma which includes stable rents and ADU conversion of garage space. Please review marketing package for current information or contact agent.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.38% | Building Size | 2,304 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.31 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1946/2019 |
| Property Type | Multifamily | Parking Ratio | 1.74/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $1,700,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.31 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,304 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2019 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Yard
- Family Room
- Patio
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,300 | 576 |
| Studios | 2 | $1,350 | 200 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 447-030-23 | Total Assessment | $1,278,467 (2025) |
| Land Assessment | $786,328 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $492,139 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
447-030-23
Land Assessment
$786,328 (2025)
Improvements Assessment
$492,139 (2025)
Total Assessment
$1,278,467 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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4 Units | 5 SDGE Meters | Plumbed Garage | 4515 35th Pl
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