4160 Texas St
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4160 Texas St
7 Unit Apartment Building $6,328,800 CAD ($904,114 CAD/Unit) 4.29% Cap Rate San Diego, CA 92104
Investment Highlights
- 1987 Construction – Luxury $1M Renovation Completed in 2024
- Nine Surface Parking Spaces + Six Garages (ADU Conversion Potential)
- Full Size Washer/Dryer’s in Every Unit / Select Units with Large Private Patios
- Prime North Park Location Near Numerous Attractions – Walkscore of 94
- All Units with Ducted Air Conditioning
- Property Fully Secured with Custom Security Gates and 24/7 Camera System
Executive Summary
CBRE is pleased to present 4160 Texas, a newly renovated seven-unit luxury apartment community located in San Diego’s coveted North Park neighborhood.
Built in 1987 and renovated down to the studs in 2024 as part of a $1M high end renovation, 4160 Texas St is comparable to a new construction building. The property’s meticulously designed apartment homes have elevated apartment living in this prime urban infill submarket. The apartment homes were carefully designed to unlock the units’ full potential by optimizing space and creating easy-to-furnish layouts with top-of-the-line finishes.
The building boasts an exceptional unit mix of five (5) large two-bedroom units and two (2) large one-bedroom units. Every unit takes advantage of open-concept floor plans that maximize space and comfort. Unit amenities include full size washer dryers in every unit and private patios and/or balconies for select units. Six (6) single car garages are also attached to the building providing optimal parking and storage options for residents. An additional nine (9) surface parking spaces are available at both the front and rear of the building for a total of 15 parking spaces. Additional on-site amenities for residents include secured bike parking as well as secured gated access for the entire property.
Built in 1987 and renovated down to the studs in 2024 as part of a $1M high end renovation, 4160 Texas St is comparable to a new construction building. The property’s meticulously designed apartment homes have elevated apartment living in this prime urban infill submarket. The apartment homes were carefully designed to unlock the units’ full potential by optimizing space and creating easy-to-furnish layouts with top-of-the-line finishes.
The building boasts an exceptional unit mix of five (5) large two-bedroom units and two (2) large one-bedroom units. Every unit takes advantage of open-concept floor plans that maximize space and comfort. Unit amenities include full size washer dryers in every unit and private patios and/or balconies for select units. Six (6) single car garages are also attached to the building providing optimal parking and storage options for residents. An additional nine (9) surface parking spaces are available at both the front and rear of the building for a total of 15 parking spaces. Additional on-site amenities for residents include secured bike parking as well as secured gated access for the entire property.
Property Facts
Price | $6,328,800 CAD | Building Class | B |
Price Per Unit | $904,114 CAD | Lot Size | 0.13 AC |
Sale Type | Investment | Building Size | 5,911 SF |
Cap Rate | 4.29% | Average Occupancy | 95% |
Gross Rent Multiplier | 15.17 | No. Stories | 2 |
No. Units | 7 | Year Built | 1987 |
Property Type | Multifamily | Parking Ratio | 2.54/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
Price | $6,328,800 CAD |
Price Per Unit | $904,114 CAD |
Sale Type | Investment |
Cap Rate | 4.29% |
Gross Rent Multiplier | 15.17 |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.13 AC |
Building Size | 5,911 SF |
Average Occupancy | 95% |
No. Stories | 2 |
Year Built | 1987 |
Parking Ratio | 2.54/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Washer/Dryer
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 2 | $3,868 CAD | 650 |
2+1 | 3 | $4,915 CAD | 875 |
2+2 | 2 | $5,689 CAD | 1,000 |
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Walk Score ®
Walker's Paradise (94)
PROPERTY TAXES
Parcel Number | 445-522-27 | Improvements Assessment | $729,570 CAD |
Land Assessment | $260,549 CAD | Total Assessment | $990,119 CAD |
PROPERTY TAXES
Parcel Number
445-522-27
Land Assessment
$260,549 CAD
Improvements Assessment
$729,570 CAD
Total Assessment
$990,119 CAD
zoning
Zoning Code | R3, San Diego |
R3, San Diego |
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4160 Texas St
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