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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.

Property Facts

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
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.®

PROPERTY TAXES

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
  • Listing ID: 33715899

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 4160 Texas St, San Diego, CA 92104

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