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4578 Jicarillo Ave 13 Unit Apartment Building $5,650,000 ($434,615/Unit) 5.47% Cap Rate San Diego, CA 92117
Investment Highlights
- In unit washer dryer and each unit has separate heating and air conditioning.
- Location is close to all: Beaches, UTC, USD, Free ways all in the beautiful Bay Ho Neighborhood
- 10' ceilings with ample light
Executive Summary
A Fully Stabilized, Multifamily Asset in High-Demand Submarket
Infill Innovation, Inc. is proud to present 4578 Jicarillo Ave — a fully stabilized multifamily asset in the highly sought-after Bay Ho submarket in San Diego, CA.
Ideally positioned near Tecolote Canyon, this exceptional property offers a rare blend of modern design and serene natural surroundings, with sweeping canyon views and picturesque vistas of Mt. Soledad.
4578 Jicarillo represents a unique opportunity to own a stabilized asset in one of San Diego’s most desirable and supply-constrained coastal communities.
The community consists of a spacious 3-bedroom, 2-bath single-family home alongside 12 newly constructed 1-bedroom, 1-bath residences, thoughtfully designed with sleek interiors and contemporary finishes.
Each unit features energy-efficient, modern appliances, heat and A/C, ceiling fans, in-unit washers and dryers, and private outdoor space, offering residents both comfort and convenience. This property offers ample on-site parking, providing convenience and ease for both residents and guests.
Fully leased and newly completed, this property delivers both stability and long-term efficiency. All new residences are exempt from California's AB 1482 rent-control regulations for 15 years, providing investors with exceptional flexibility for future rent growth in one of San Diego's most sought-after rental markets.
Infill Innovation, Inc. is proud to present 4578 Jicarillo Ave — a fully stabilized multifamily asset in the highly sought-after Bay Ho submarket in San Diego, CA.
Ideally positioned near Tecolote Canyon, this exceptional property offers a rare blend of modern design and serene natural surroundings, with sweeping canyon views and picturesque vistas of Mt. Soledad.
4578 Jicarillo represents a unique opportunity to own a stabilized asset in one of San Diego’s most desirable and supply-constrained coastal communities.
The community consists of a spacious 3-bedroom, 2-bath single-family home alongside 12 newly constructed 1-bedroom, 1-bath residences, thoughtfully designed with sleek interiors and contemporary finishes.
Each unit features energy-efficient, modern appliances, heat and A/C, ceiling fans, in-unit washers and dryers, and private outdoor space, offering residents both comfort and convenience. This property offers ample on-site parking, providing convenience and ease for both residents and guests.
Fully leased and newly completed, this property delivers both stability and long-term efficiency. All new residences are exempt from California's AB 1482 rent-control regulations for 15 years, providing investors with exceptional flexibility for future rent growth in one of San Diego's most sought-after rental markets.
Data Room Click Here to Access
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 | $5,650,000 | Apartment Style | Garden |
| Price Per Unit | $434,615 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.47% | Building Size | 6,632 SF |
| Gross Rent Multiplier | 12.53 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2025/2026 |
| Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
| Zoning | RS 1-7 - RS-1-7: Single-unit zone for small lots allowing dense urban residential development with flexible regulations and specific height/setback standards. | ||
| Price | $5,650,000 |
| Price Per Unit | $434,615 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| Gross Rent Multiplier | 12.53 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 0.32 AC |
| Building Size | 6,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2025/2026 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | RS 1-7 - RS-1-7: Single-unit zone for small lots allowing dense urban residential development with flexible regulations and specific height/setback standards. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Stainless Steel Appliances
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Double Pane Windows
- Island Kitchen
- Porch
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,395 | 1,303 |
| 1+1 | 12 | $2,667 | 441 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 359-331-05 | Total Assessment | $1,440,954 (2025) |
| Land Assessment | $1,269,288 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $171,666 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
359-331-05
Land Assessment
$1,269,288 (2025)
Improvements Assessment
$171,666 (2025)
Total Assessment
$1,440,954 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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4578 Jicarillo Ave
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