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5738 Meade Ave 3 Unit Apartment Building $1,449,000 ($483,000/Unit) 5.45% Cap Rate San Diego, CA 92115
Investment Highlights
- Owner occupied or investor opportunity.
- Good mix of units.
- Great location.
Executive Summary
Excellent opportunity for an investor or owner-occupant to acquire a prime multi-family property in the highly desirable College Area, conveniently located near shopping, schools, and major freeways. This well-maintained and recently renovated property offers three separate living spaces, including a spacious four-bedroom, two-bathroom unit, a comfortable two-bedroom, one-bathroom unit, and a functional studio ideal for generating additional rental income. The property also features a two-car garage and has been thoughtfully updated, making it move-in ready and easy to lease. This is an outstanding opportunity for investors seeking a stable, income-producing asset or for an owner-occupant looking to offset living expenses with rental income. Do not disturb occupants. Shown with accepted offer. Shown with accepted offer.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 | $1,449,000 | Apartment Style | Low-Rise |
| Price Per Unit | $483,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.45% | Building Size | 3,049 SF |
| Gross Rent Multiplier | 14.28 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 0.66/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-1-7 | ||
| Price | $1,449,000 |
| Price Per Unit | $483,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 14.28 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,049 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | RS-1-7 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,700 | - |
| 2+1 | 1 | $2,800 | - |
| 4+2 | 1 | $3,950 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 472-092-13 | Total Assessment | $900,000 (2025) |
| Land Assessment | $440,001 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $459,999 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
472-092-13
Land Assessment
$440,001 (2025)
Improvements Assessment
$459,999 (2025)
Total Assessment
$900,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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5738 Meade Ave
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