2 Homes on 1 Lot in Central San Diego | 2020-22 Gregory St
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2 Homes on 1 Lot in Central San Diego 2020-22 Gregory St
2 Unit Apartment Building $1,826,914 CAD ($913,457 CAD/Unit) 4.30% Cap Rate San Diego, CA 92104
Investment Highlights
- 2 Free Stranding Homes on 1 Lot
- Value Add Opportunity With Rental Upside
- Vacant Front Home
- Canyon Views
- Core Central San Diego Market
- Perfect for Owner-User or an Investor
Executive Summary
Introducing 2020-22 Gregory: a truly exceptional property featuring two separate free-standing homes on a single expansive lot. The front home, offering approximately 750 sq ft, comprises a thoughtfully designed 2-bedroom, 1- bath layout with its own private yard and convenient laundry equipment. Meanwhile, the rear home boasts around 1,000 sq ft of space, featuring a spacious 3-bedroom, 1-bath floor plan, a private balcony, and laundry hook-ups. Nestled on a generous 4,737 sq ft lot, this property is situated on a peaceful cul-de-sac, affording stunning canyon views. The serene and private location makes it an ideal choice for an owner-user seeking a tranquil residence or an investor looking to capitalize on the potential of this remarkable property
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,622
|
$64.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,439
|
$1.94
|
| Effective Gross Income |
$111,183
|
$62.64
|
| Taxes |
$20,619
|
$11.62
|
| Operating Expenses |
$12,438
|
$7.01
|
| Total Expenses |
$33,058
|
$18.62
|
| Net Operating Income |
$78,125
|
$44.01
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,622 |
| Annual Per SF | $64.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,439 |
| Annual Per SF | $1.94 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,183 |
| Annual Per SF | $62.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,619 |
| Annual Per SF | $11.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,438 |
| Annual Per SF | $7.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,058 |
| Annual Per SF | $18.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $78,125 |
| Annual Per SF | $44.01 |
Property Facts
| Price | $1,826,914 CAD | Property Subtype | Apartment |
| Price Per Unit | $913,457 CAD | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Size | 1,775 SF |
| Cap Rate | 4.30% | Average Occupancy | 50% |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 15.9 | Year Built | 1940 |
| No. Units | 2 | Parking Ratio | 2.25/1,000 SF |
| Property Type | Multifamily |
| Price | $1,826,914 CAD |
| Price Per Unit | $913,457 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 15.9 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Size | 1,775 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 750 |
| 3+1 | 1 | $3,797 CAD | 1,000 |
1 of 1
zoning
| Zoning Code | RS 1-7 |
| RS 1-7 |
-
Cody Evans -
South Coast Commercial, Inc.
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2 Homes on 1 Lot in Central San Diego | 2020-22 Gregory St
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