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5707 Mildred St 4 Unit Apartment Building Offered at $1,895,000 at a 4.03% Cap Rate San Diego, CA 92110
INVESTMENT HIGHLIGHTS
- Well-maintained, stabilized 4-unit property in San Diego’s highly desirable Morena neighborhood
- Centrally located near USD, Tecolote Canyon, Mission Bay, Pacific Beach, SeaWorld, Fashion Valley, and major freeways (I-5 and I-8)
- Fully occupied by long-term tenants, it offers reliable in-place income with clear value-add upside through selective unit upgrades
EXECUTIVE SUMMARY
Well-maintained, stabilized 4-unit property in San Diego’s highly desirable Morena neighborhood. Fully occupied by long-term tenants, it offers reliable in-place income with clear value-add upside through selective unit upgrades, including kitchens, baths, windows, and finishes. The roof is in good condition, and each unit includes one on-site parking space—rare in this area. Centrally located near USD, Tecolote Canyon, Mission Bay, Pacific Beach, SeaWorld, Fashion Valley, and major freeways (I-5 and I-8), driving consistent rental demand. A strong opportunity for investors seeking stable cash flow with future upside in a supply-constrained market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $473,750 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,436 SF |
| Cap Rate | 4.03% | Average Occupancy | 100% |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| Gross Rent Multiplier | 23.22 | Year Built | 1960 |
| No. Units | 4 | Parking Ratio | 1.64/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | R-4 (Multiple Residential - Residential zoning allowing multifamily development. | ||
| Price | $1,895,000 |
| Price Per Unit | $473,750 |
| Sale Type | Investment |
| Cap Rate | 4.03% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 23.22 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.10 AC |
| Building Size | 2,436 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R-4 (Multiple Residential - Residential zoning allowing multifamily development. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,290 | 609 |
Walk Score®
Very Walkable (75)
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Presented by
Christen Jensen, Broker
5707 Mildred St
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