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4114 46th St

8 Unit Apartment Building $1,952,775 CAD ($244,097 CAD/Unit) San Diego, CA 92105

EXECUTIVE SUMMARY

Existing triplex with amazing development opportunity. Currently this property is set up as 3 separate units with garage. There are approved plans with stamped permits to add 4 ADU units and complete a garage conversion, for a total of 8 units. Great rental property potential, or live in the main house and rent out the other 7. This is not a "maybe you can do this" situation, it is already approved, comes with plans and permits.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $288,143 $134.96
Other Income - -
Vacancy Loss $8,644 $4.05
Effective Gross Income $279,499 $130.91
Taxes $24,301 $11.38
Operating Expenses $47,734 $22.36
Total Expenses $72,036 $33.74
Net Operating Income $207,463 $97.17

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income (CAD)
Annual $288,143
Annual Per SF $134.96
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $8,644
Annual Per SF $4.05
Effective Gross Income (CAD)
Annual $279,499
Annual Per SF $130.91
Taxes (CAD)
Annual $24,301
Annual Per SF $11.38
Operating Expenses (CAD)
Annual $47,734
Annual Per SF $22.36
Total Expenses (CAD)
Annual $72,036
Annual Per SF $33.74
Net Operating Income (CAD)
Annual $207,463
Annual Per SF $97.17

PROPERTY FACTS

Price $1,952,775 CAD
Price Per Unit $244,097 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Construction Status Proposed
Building Size 2,135 SF
No. Stories 2
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 2 - 291
2+1 1 - 686
1+1 5 - 371 - 461
Walk Score®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

ZONING

Zoning Code R-3 (ADU Allowance based on Transit Priority Area overlay.)
R-3 (ADU Allowance based on Transit Priority Area overlay.)
  • Listing ID: 33971033

  • Date on Market: 2024-11-22

  • Last Updated:

  • Address: 4114 46th St, San Diego, CA 92105

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