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4665-4669 34th St 16 Unit Apartment Building $7,725,000 ($482,813/Unit) 4.70% Cap Rate San Diego, CA 92116

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INVESTMENT HIGHLIGHTS

  • $1,250,000 Spent in Capital Improvements (2024)
  • Current CAP: 4.7%; ProForma CAP: 5.2% *** Current GRM: 14.2; ProForma GRM: 13.1
  • Off Street Parking for All Units
  • Upgraded Electrical, Plumbing, Roofing, Window and Foundation Systems
  • Full Interior Upgrades: In-Unit Amenities Include: Washer, Dryer, Full Kitchen Appliance Package, AC Mini Splits
  • Two Adjacent 8 Unit Buildings - No Onsite Manager Required

ATTACHMENTS

34th Street OM

FINANCIAL SUMMARY (ACTUAL - 2025) 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 (ACTUAL - 2025) 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 $7,725,000
Price Per Unit $482,813
Sale Type Investment
Cap Rate 4.70%
Gross Rent Multiplier 14.2
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 12,564 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1963/2024
Parking Ratio 1.27/1,000 SF
Zoning R3

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Range
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 12 $2,870 -
1+1 4 $2,295 -
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 439-450-09
  • 439-450-10
Land Assessment
$7,344,000
Improvements Assessment
$918,000
Total Assessment
$8,262,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 35294304

  • Date on Market: 3/28/2025

  • Last Updated:

  • Address: 4665-4669 34th St, San Diego, CA 92116

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