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"The Carl" Newer Construction Near USD 5548 Riley St 8 Unit Apartment Building $4,665,000 ($583,125/Unit) 5% Cap Rate San Diego, CA 92110
Investment Highlights
- New Construction (2020) - Exempt from AB-1482
- Excellent Unit Mix – 3 Bedroom & 2 Bedroom Units
- Near Mission Bay, SeaWorld and Beaches
- Adjacent to the University of San Diego
- In-Unit Washer/Dryer
- Walking Distance to Trolley, Shops & University (WalkScore of 81)
Executive Summary
**8-Units , New Construction (2020), Adjacent to the University of San Diego** • In-Place 5% Cap Rate (13.41 GRM) • Exempt from AB-1482 (Rent Control) • Rare West Mission Valley /Fashion Valley Offering • Near Mission Bay, SeaWorld and Beaches • In-Unit Washer/Dryer • Contemporary Design and Finishes • Outdoor Rooftop Deck w/ Views • Secured Entry & Smart Home Technology • Excellent Unit Mix: 3Bedroom & 2Bedroom Units • High Demand Rental Market • Easy Access to Local Services and Major Freeways • Walking Distance to Trolley, Shops & University (WalkScore of 81)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$347,940
|
$50.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,438
|
$1.51
|
| Effective Gross Income |
$337,502
|
$48.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$104,146
|
$15.04
|
| Net Operating Income |
$233,356
|
$33.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $347,940 |
| Annual Per SF | $50.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,438 |
| Annual Per SF | $1.51 |
| Effective Gross Income | |
|---|---|
| Annual | $337,502 |
| Annual Per SF | $48.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $104,146 |
| Annual Per SF | $15.04 |
| Net Operating Income | |
|---|---|
| Annual | $233,356 |
| Annual Per SF | $33.69 |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Stainless Steel Appliances
- Deck
Site Amenities
- Furnished Units Available
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $3,132 | 703 |
| 3+2 | 5 | $3,632 | 1,032 - 1,230 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 436-552-22 | Improvements Assessment | $1,225,943 |
| Land Assessment | $557,756 | Total Assessment | $1,783,699 |
Property Taxes
Parcel Number
436-552-22
Land Assessment
$557,756
Improvements Assessment
$1,225,943
Total Assessment
$1,783,699
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"The Carl" Newer Construction Near USD | 5548 Riley St
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