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4333 Utah St 6 Unit Apartment Building £1,645,666 (£274,278/Unit) 3.85% Net Initial Yield San Diego, CA 92104



INVESTMENT HIGHLIGHTS
- Rarely Trading Central North Park Neighborhood In San Diego
- Room To Build Additional ADUs; Five Single Car Garages Currently Rented MTM
- Bungalow-Style Apartment Community With All 1-Bedroom
- Owner Will Consider Seller Financing Option; See Agent for Details
- Value-Add Apartment Community With Strong Bones & Rental Upside
EXECUTIVE SUMMARY
We are pleased to exclusively present 4333 Utah Street, a rare six unit apartment building in the coveted North Park neighborhood of San Diego, CA. Built in 1945, this bungalow style community features six similar 1-bedroom /1-bath units that have been meticulously maintained by current ownership. Units are about 510 square feet
on average with original to partially updated interiors. Units include refurbished original hardwood flooring, custom tile in the kitchens and bathrooms, custom built-ins, front and rear entry to units, mix of white and stainless appliance packages. A few storage rooms lie under the stairs/balcony of the rear structure. There are five separate
single car garages at the rear of the building that could be converted to ADUs easily with access to power and plumbing from the laundry room on the other side of the garages. An astute investor may rehabilitate units to highest end finishes, convert garages to ADUs and maximize property income.
on average with original to partially updated interiors. Units include refurbished original hardwood flooring, custom tile in the kitchens and bathrooms, custom built-ins, front and rear entry to units, mix of white and stainless appliance packages. A few storage rooms lie under the stairs/balcony of the rear structure. There are five separate
single car garages at the rear of the building that could be converted to ADUs easily with access to power and plumbing from the laundry room on the other side of the garages. An astute investor may rehabilitate units to highest end finishes, convert garages to ADUs and maximize property income.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| 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 (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS Under Offer
| Price | £1,645,666 | Apartment Style | Low-Rise |
| Price Per Unit | £274,278 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.16 ac |
| Yield | 3.85% | Property Size | 3,048 sq ft |
| Gross Rent Multiplier | 16.75 | Average Occupancy | 100% |
| No. Units | 6 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1945 |
| Property Subtype | Apartment | Parking Allocation | 1.64/1,000 sq ft |
| Use Class | MR800B, San Diego - Multi-Family | ||
| Price | £1,645,666 |
| Price Per Unit | £274,278 |
| Sale Type | Investment |
| Yield | 3.85% |
| Gross Rent Multiplier | 16.75 |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.16 ac |
| Property Size | 3,048 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1945 |
| Parking Allocation | 1.64/1,000 sq ft |
| Use Class | MR800B, San Diego - Multi-Family |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Ceiling Fans
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Range
- Dining Room
- Garden
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | £1,364 | 508 |
1 1
Walk Score®
Excellent pedestrian access (98)
Bike Score®
Good for cycling (84)
PROPERTY TAXES
| Parcel Number | 446-161-10 | Improvements Assessment | £300,650 (2025) |
| Land Assessment | £468,014 (2025) | Total Assessment | £768,664 (2025) |
PROPERTY TAXES
Parcel Number
446-161-10
Land Assessment
£468,014 (2025)
Improvements Assessment
£300,650 (2025)
Total Assessment
£768,664 (2025)
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4333 Utah St
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