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39th & Wilson 2 Multifamily Properties Offered at $4,900,000 in San Diego, CA
Investment Highlights
- Value-Add
- Parking
Executive Summary
The subject investment presents a rare opportunity to acquire two 8-unit multifamily properties in Central San Diego. Both assets have been professionally managed and well maintained, featuring newer windows, gated access, on-site laundry, and reserved parking. Current rents are below market, with the majority of tenants on month-to-month leases, providing a clear path to rental upside.
Each property currently has one vacancy, offering immediate income growth potential. Located less than one mile apart, the properties allow for operational efficiencies and ease of management for a new owner.
Each property currently has one vacancy, offering immediate income growth potential. Located less than one mile apart, the properties allow for operational efficiencies and ease of management for a new owner.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$337,260
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$337,260
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$118,041
|
| Net Operating Income |
$219,219
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $337,260 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $337,260 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $118,041 |
| Net Operating Income | |
|---|---|
| Annual | $219,219 |
Property Facts
| Price | $4,900,000 | Number of Properties | 2 |
| Price / SF | $417.52 / SF | Individually For Sale | 0 |
| Cap Rate | 4.47% | Total Building Size | 11,736 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $4,900,000 |
| Price / SF | $417.52 / SF |
| Cap Rate | 4.47% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,736 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4130 39th St, San Diego, CA 92105 | Multifamily | 6,336 SF | 1968 | - |
|
Willow Apartments
4219 Wilson Ave, San Diego, CA 92104 |
Multifamily | 5,400 SF | 1972 | - |
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Presented by
KC West Real Estate
39th & Wilson
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