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4534 30th St 10 Unit Apartment Building $3,800,000 ($380,000/Unit) 4.41% Cap Rate San Diego, CA 92116



Investment Highlights
- Highly Walkable Prime North Park Location Near Numerous Attractions
- Plentiful Parking with 10 Surface Spaces
- Luxury Renovated Units
- $200 Average Per Unit Rental Upside Potential
- Full Electrical Upgrade in 2025 (Main Panel, Subpanels & Wiring)
- Secure Gated Courtyard and BBQ Area
Executive Summary
CBRE is pleased to present 4534 30th St, a fully renovated 10-unit apartment building in the heart of San Diego’s coveted North Park neighborhood.
The building was fully renovated in 2019 and has since received various improvements. The unit mix consists of eight (8) one-bedroom units and two (2) two bedroom/ one bath units. Each unit features modern finishes including fully renovated kitchens and bathrooms along with new flooring and fixtures. Property amenities include 10 surface parking spaces for residents along with a secure gated courtyard that features a BBQ and lounge area. An on-site laundry room is also available to residents.
Recent significant upgrades include a full electrical upgrade in 2025 which included a 400amp main panel, all new sub-panels and interior and exterior wiring at a cost of $35,000. Other improvements include new exterior paint in 2024 and new laundry machines in 2023.
With a Walk Score of 95, the property is ideally situated in the upscale part of North Park on 30th Street. The nearby Adams & 30th intersection just one block to the north is home to nationally recognized dining establishments in addition to other leading bars and restaurants. North Park has been recognized nationally multiple times, recently being rated among the top “Up and Coming” neighborhoods in the U.S by US Travel Mag.
The building was fully renovated in 2019 and has since received various improvements. The unit mix consists of eight (8) one-bedroom units and two (2) two bedroom/ one bath units. Each unit features modern finishes including fully renovated kitchens and bathrooms along with new flooring and fixtures. Property amenities include 10 surface parking spaces for residents along with a secure gated courtyard that features a BBQ and lounge area. An on-site laundry room is also available to residents.
Recent significant upgrades include a full electrical upgrade in 2025 which included a 400amp main panel, all new sub-panels and interior and exterior wiring at a cost of $35,000. Other improvements include new exterior paint in 2024 and new laundry machines in 2023.
With a Walk Score of 95, the property is ideally situated in the upscale part of North Park on 30th Street. The nearby Adams & 30th intersection just one block to the north is home to nationally recognized dining establishments in addition to other leading bars and restaurants. North Park has been recognized nationally multiple times, recently being rated among the top “Up and Coming” neighborhoods in the U.S by US Travel Mag.
Property Facts
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $380,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.41% | Building Size | 5,824 SF |
| Gross Rent Multiplier | 14.24 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1957/2019 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C | ||
| Price | $3,800,000 |
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 14.24 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,824 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2019 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Grill
- Lounge
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 545 |
| 2+1 | 2 | - | 732 |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 446-033-23 | Improvements Assessment | $1,640,468 |
| Land Assessment | $2,329,464 | Total Assessment | $3,969,932 |
Property Taxes
Parcel Number
446-033-23
Land Assessment
$2,329,464
Improvements Assessment
$1,640,468
Total Assessment
$3,969,932
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4534 30th St
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