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5826 Lauretta St 5 Unit Apartment Building $2,325,000 ($465,000/Unit) 4.30% Cap Rate San Diego, CA 92110
Investment Highlights
- 1993 construction featuring large condo level quality units
- Tremendous value add opportunity to convert garages into multiple ADU units
- New roof in 2025
- Upside in rents through renovation program
- 7 single car garages plus 6 off street parking spots
Executive Summary
Premium USD location, premium product, premium value add and upside potential! 5826 Lauretta is a 1993 construction, condo level quality property. The asset boasts large mostly 2BR 2BA floor plans, with a 3BR also included. The units feature fireplaces in most, balconies, and select units have great views. There is a considerable amount of upside in the rents, making this a great value add investment. A new roof placed in 2025 means a huge expense off the table for the buyer! The significant upside in the property can be found with the 7 single car garages, which can be converted into multiple ADUs, likely 3 at minimum. And the best thing is, there is an additional 6 off street parking spots at the property, meaning a buyer can add units and still retain significant parking. Contact Florian Sighe for more info today! 619-894-3030 | florian@thebrowargroup.com. (Buyer to verify all contained herein to be accurate and true, Seller and Listing Agent/Broker make no representations or warranties)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,860
|
$36.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,736
|
$1.09
|
| Effective Gross Income |
$153,124
|
$35.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,332
|
$12.28
|
| Net Operating Income |
$99,792
|
$22.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $157,860 |
| Annual Per SF | $36.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,736 |
| Annual Per SF | $1.09 |
| Effective Gross Income | |
|---|---|
| Annual | $153,124 |
| Annual Per SF | $35.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $53,332 |
| Annual Per SF | $12.28 |
| Net Operating Income | |
|---|---|
| Annual | $99,792 |
| Annual Per SF | $22.98 |
Property Facts
| Price | $2,325,000 | Property Subtype | Apartment |
| Price Per Unit | $465,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.30% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 14.7 | Building Size | 4,342 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Zoning | R4 | ||
| Price | $2,325,000 |
| Price Per Unit | $465,000 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 14.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,342 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | 850 - 900 |
| 2+1.5 | 1 | - | 850 |
| 3+2 | 1 | - | 1,000 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 436-412-13 | Improvements Assessment | $485,590 |
| Land Assessment | $253,318 | Total Assessment | $738,908 |
Property Taxes
Parcel Number
436-412-13
Land Assessment
$253,318
Improvements Assessment
$485,590
Total Assessment
$738,908
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5826 Lauretta St
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