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4518-4524 Kansas St 8 Unit Apartment Building $2,952,000 ($369,000/Unit) 4.46% Cap Rate San Diego, CA 92116
Investment Highlights
- All 2 Bed / 1 Bath floorplans
- Upgraded electric panels
- Remaining rental upside
- In-unit laundry in renovated units + on-site laundry
- Beautiful new landscaping & fountain
Executive Summary
All 2 Bed / 1 Bath Units! Prime North Park location featuring an attractive and highly desirable unit mix. The property offers a strong value-add opportunity with select interior upgrades already completed and additional upside through continued renovations and rent growth. Ownership has completed significant exterior and system improvements including refreshed landscaping, new exterior paint and lighting, updated windows, sewer line improvements, refinished deck surfaces, and upgraded handrails. The courtyard has been enhanced with a decorative water feature, electrical subpanels have been replaced, and the property includes a serviceable roof and off-street parking—further enhancing tenant appeal and long-term functionality.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,952,000 | Apartment Style | Low-Rise |
| Price Per Unit | $369,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.46% | Building Size | 6,168 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Price | $2,952,000 |
| Price Per Unit | $369,000 |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.3/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $2,850 | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 446-032-22 | Improvements Assessment | $298,809 (2025) |
| Land Assessment | $266,791 (2025) | Total Assessment | $565,600 (2025) |
Property Taxes
Parcel Number
446-032-22
Land Assessment
$266,791 (2025)
Improvements Assessment
$298,809 (2025)
Total Assessment
$565,600 (2025)
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4518-4524 Kansas St
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