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4637 Larkspur St
San Diego, CA 92107
4637 Larkspur St · Multifamily Property For Sale · 2 Units

Investment Highlights

  • Private Fenced Yard Space for Each Dwelling
  • Excellent Coastal Location
  • Separate Entrances , Only 1 Shared Wall

Executive Summary

Low maintenance ' bread n butter' coastal apartment deal with a variety of value add strategies for the next investor, or owner occupant. Current leases in place are month to month. Market rent for a 1bedroom ground floor apartment with private fenced yard ranges from $2850-$3250 depending on quality of finishes post rehab and amenities provided. Cap rate advertised is based on $3,000 per month, per unit.

Property Facts

Price Per Unit $597,500
Sale Type Investment
Cap Rate 4.22%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 16.5
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 1,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1951
Parking Ratio 1/1,000 SF
Zoning RM 1-1 - multiple dwelling units allowed by right

Amenities

Unit Amenities

  • Heating
  • Yard
  • Patio
  • Porch

Site Amenities

  • Fenced Lot
  • Zen Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $2,800 500
  • Listing ID: 41012954

  • Date on Market: 6/22/2026

  • Last Updated:

  • Address: 4637 Larkspur St, San Diego, CA 92107

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