4240 Gamma St
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4240 Gamma St
3 Unit Apartment Building $1,564,200 CAD ($521,400 CAD/Unit) 5.45% Cap Rate San Diego, CA 92113
Executive Summary
Great Investment Property! Renovations completed and rents have room to be increased. Potential to increase the Cap Rate to 6.00%.
***** Plans and Permits APPROVED to add a second bedroom to the front house. Will will be included with the sale *****
***** Plans and Permits APPROVED to add a second bedroom to the front house. Will will be included with the sale *****
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$127,980
|
$82.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,980
|
$82.46
|
| Taxes |
$17,064
|
$10.99
|
| Operating Expenses |
$8,248
|
$5.31
|
| Total Expenses |
$25,312
|
$16.31
|
| Net Operating Income |
$102,668
|
$66.15
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $127,980 |
| Annual Per SF | $82.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $127,980 |
| Annual Per SF | $82.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,064 |
| Annual Per SF | $10.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,248 |
| Annual Per SF | $5.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,312 |
| Annual Per SF | $16.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,668 |
| Annual Per SF | $66.15 |
Property Facts
| Price | $1,564,200 CAD | Lot Size | 0.16 AC |
| Price Per Unit | $521,400 CAD | Building Size | 1,552 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.45% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 5.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,564,200 CAD |
| Price Per Unit | $521,400 CAD |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.16 AC |
| Building Size | 1,552 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 5.15/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 551-330-45 | Total Assessment | $1,179,801 CAD |
| Land Assessment | $647,452 CAD | Annual Taxes | $17,064 CAD ($10.99 CAD/SF) |
| Improvements Assessment | $532,349 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
551-330-45
Land Assessment
$647,452 CAD
Improvements Assessment
$532,349 CAD
Total Assessment
$1,179,801 CAD
Annual Taxes
$17,064 CAD ($10.99 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | CN-1-3 |
| CN-1-3 |
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4240 Gamma St
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