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4637 Larkspur St 4637 Larkspur St 2 Unit Apartment Building $1,195,000 ($597,500/Unit) 4.22% Cap Rate San Diego, CA 92107
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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,800
|
$70.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,800
|
$70.80
|
| Taxes |
$14,698
|
$14.70
|
| Operating Expenses |
$6,100
|
$6.10
|
| Total Expenses |
$20,798
|
$20.80
|
| Net Operating Income |
$50,002
|
$50.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $70,800 |
| Annual Per SF | $70.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,800 |
| Annual Per SF | $70.80 |
| Taxes | |
|---|---|
| Annual | $14,698 |
| Annual Per SF | $14.70 |
| Operating Expenses | |
|---|---|
| Annual | $6,100 |
| Annual Per SF | $6.10 |
| Total Expenses | |
|---|---|
| Annual | $20,798 |
| Annual Per SF | $20.80 |
| Net Operating Income | |
|---|---|
| Annual | $50,002 |
| Annual Per SF | $50.00 |
Property Facts
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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 448-551-09 | Total Assessment | $209,170 (2025) |
| Land Assessment | $101,543 (2025) | Annual Taxes | $14,698 ($14.70/SF) |
| Improvements Assessment | $107,627 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
448-551-09
Land Assessment
$101,543 (2025)
Improvements Assessment
$107,627 (2025)
Total Assessment
$209,170 (2025)
Annual Taxes
$14,698 ($14.70/SF)
Tax Year
2026
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