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4618 Voltaire St - 4 Unit Income Property For Sale 4 Unit Apartment Building Offered at $1,850,000 at a 3% Cap Rate San Diego, CA 92107
Investment Highlights
- Four-Unit Income Property in the Heart of Ocean Beach
- Each Unit Includes a One Car Garage
- Walking Distance to Beach, Shops and Dining
Executive Summary
Rarely available four-unit income property in the heart of Ocean Beach, one of San Diego's most walkable and sought-after coastal neighborhoods — steps from local shops, dining on Newport Ave, and the beach. The property comprises four 1BD/1BA units across two stories: Unit 4618 (495 SF), Unit 4620 (506 SF), Unit 4622 (528 SF), and Unit 4624 (528 SF), totaling 2,057 SF of living area on a 5,001 SF RM-2-4 zoned lot. Four individual single-car garages provide a rare parking amenity in this supply-constrained submarket. All leases rolling off by summer 2026 with room for value-add rental increases.
Property is fully rented in good condition.
Property is fully rented in good condition.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,517
|
$33.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,517
|
$33.80
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,393
|
$8.94
|
| Net Operating Income |
$51,124
|
$24.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $69,517 |
| Annual Per SF | $33.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,517 |
| Annual Per SF | $33.80 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $18,393 |
| Annual Per SF | $8.94 |
| Net Operating Income | |
|---|---|
| Annual | $51,124 |
| Annual Per SF | $24.85 |
Property Facts
| Price | $1,850,000 | Property Type | Multifamily |
| Price Per Unit | $462,500 | Building Size | 2,057 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3% | No. Stories | 2 |
| Gross Rent Multiplier | 21.6 | Year Built | 1941 |
| No. Units | 4 | Parking Ratio | 1.94/1,000 SF |
| Zoning | R-4 | ||
| Price | $1,850,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| Cap Rate | 3% |
| Gross Rent Multiplier | 21.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,057 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,880 | 495 - 528 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
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4618 Voltaire St - 4 Unit Income Property For Sale
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