1915-1921 4th Ave
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1915-1921 4th Ave
11 Unit Block of Flats £4,260,600 (£387,327/Unit) 4% Net Initial Yield San Diego, CA 92101
Investment Highlights
- 4.00% ProForma CAP Rate / Offering actual CAP Rate of 2.83%
- Excellent unit mix of studios, 1 bedroom units and 2 bedroom units.
- First time to the market in 25+ years.
- Major Upside in Rental Income / 0.115 Acre Lot
Executive Summary
Located at 1915-1921 4th Avenue in the highly sought-after Bankers Hill area of San Diego, this multifamily property has not been available on the market for over 25 years, making it a rare investment opportunity. The property consists of 11 units, featuring a versatile mix of 2 studio units, 7 one-bedroom units, and 2 two-bedroom units. Bankers Hill, known for its blend of historic charm and modern conveniences, offers a prime location just north of downtown San Diego.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £4,260,600 | Apartment Style | Low Rise |
Price Per Unit | £387,327 | Building Class | C |
Sale Type | Investment | Lot Size | 0.11 AC |
Net Initial Yield | 4% | Building Size | 6,700 SF |
Gross Rent Multiplier | 16.85 | Average Occupancy | 95% |
No. Units | 11 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1940 |
Property Subtype | Apartment | Parking Ratio | 0.36/1,000 SF |
Price | £4,260,600 |
Price Per Unit | £387,327 |
Sale Type | Investment |
Net Initial Yield | 4% |
Gross Rent Multiplier | 16.85 |
No. Units | 11 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.11 AC |
Building Size | 6,700 SF |
Average Occupancy | 95% |
Number of Floors | 3 |
Year Built | 1940 |
Parking Ratio | 0.36/1,000 SF |
Unit Amenities
- Balcony
- Fireplace
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 2 | £1,420 | 550 |
1+1 | 7 | £1,972 | 625 |
2+1 | 2 | £2,209 | 850 |
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Walk Score ®
Walker's Paradise (94)
PROPERTY TAXES
Parcel Number | 533-292-05 | Improvements Assessment | £308,121 |
Land Assessment | £215,681 | Total Assessment | £523,802 |
PROPERTY TAXES
Parcel Number
533-292-05
Land Assessment
£215,681
Improvements Assessment
£308,121
Total Assessment
£523,802
zoning
Zoning Code | CV-4, San Diego |
CV-4, San Diego |
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1915-1921 4th Ave
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