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4518-4524 Kansas St 8 Unit Apartment Building $3,195,000 ($399,375/Unit) 4.41% 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
Prime North Park location with an all 2-bedroom/1-bath unit mix—an attractive and highly functional layout for the area. Four units have been fully renovated with modern finishes, while the remaining four offer a straightforward value-add path for additional upside.
Ownership has completed meaningful exterior and systems upgrades, including refreshed landscaping, new exterior paint and lighting, updated windows, and sewer line improvements. The courtyard has been enhanced with a new water fountain, deck surfaces have been refinished, and handrails have been brought up to current code.
Electrical subpanels have been replaced, the roof is serviceable, and off-street parking adds to overall tenant appeal. With the heavy lifting already done, the property is well positioned for strong performance and future growth through continued interior renovations and strategic rent adjustments.
Ownership has completed meaningful exterior and systems upgrades, including refreshed landscaping, new exterior paint and lighting, updated windows, and sewer line improvements. The courtyard has been enhanced with a new water fountain, deck surfaces have been refinished, and handrails have been brought up to current code.
Electrical subpanels have been replaced, the roof is serviceable, and off-street parking adds to overall tenant appeal. With the heavy lifting already done, the property is well positioned for strong performance and future growth through continued interior renovations and strategic rent adjustments.
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 | $3,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $399,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.41% | 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 | $3,195,000 |
| Price Per Unit | $399,375 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.3/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,850 | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (83)
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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