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6407 Richard St 6407-13 Richard st 4 Unit Apartment Building $2,995,000 ($748,750/Unit) 5.90% Cap Rate San Diego, CA 92115
Executive Summary
TURN KEY 4-unit SDSU student rental property offered at a 5.9% CAP rate WITH MANAGEMENT in place! 6407-13 Richard St is comprised of (1) 5BR/3BA, (2) 4BR/2BA, and (1) 3BR/2BA - totalling 16beds/9baths and 4,410 sqft. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. This new construction property is expected to generate $20,200/month starting August 2026 rented on a year lease to students
Property Facts
| Price | $2,995,000 | Property Subtype | Apartment |
| Price Per Unit | $748,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.90% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 12.4 | Building Size | 4,410 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2026 |
| Zoning | RS-1-7 | ||
| Price | $2,995,000 |
| Price Per Unit | $748,750 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,410 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | RS-1-7 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 463-264-01 | Improvements Assessment | $76,500 |
| Land Assessment | $663,000 | Total Assessment | $739,500 |
Property Taxes
Parcel Number
463-264-01
Land Assessment
$663,000
Improvements Assessment
$76,500
Total Assessment
$739,500
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6407 Richard St | 6407-13 Richard st
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