49th Street Villas | 4334 49th St
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49th Street Villas 4334 49th St
9 Unit Apartment Building $4,140,287 CAD ($460,032 CAD/Unit) 4.75% Cap Rate San Diego, CA 92115
Investment Highlights
- Sub $400 price per sq ft
- Over 7000 sq ft on double lot
- Strong income + upside in rents
Executive Summary
Introducing 4334 49th Street, an extremely well-maintained 9-unit multifamily property with strong rental income. This two-story building features a desirable unit mix of one 1-bed/1-bath and eight 2-bed/1-bath units, offering a total of 7,331 rentable square feet. Tenants enjoy private balcony access, enhancing their living experience with outdoor space. The property sits on a generous double lot spanning 7,690 square feet, providing ample space and potential for future development under its CT-2-3 zoning designation and Complete Communities Tier 3, allowing for a 6.5 Floor Area Ratio (FAR). With on-site amenities such as a laundry room and 12 parking spaces, this property is especially appealing to tenants. Located in thriving City Heights, 4334 49th Street offers easy access to shopping, dining, schools, and public transportation, ensuring strong tenant demand and low vacancy rates.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,140,287 CAD | Building Class | C |
| Price Per Unit | $460,032 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,102 SF |
| Cap Rate | 4.75% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.61 | No. Stories | 2 |
| No. Units | 9 | Year Built/Renovated | 1973/2018 |
| Property Type | Multifamily | Parking Ratio | 1.69/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $4,140,287 CAD |
| Price Per Unit | $460,032 CAD |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 13.61 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2018 |
| Parking Ratio | 1.69/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Carpet
- Deck
- Family Room
- Patio
- Smoke Free
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Security System
- Gated
- Video Patrol
- Smoke Free
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 560 |
| 2+1 | 8 | - | 818 |
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Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,981,683 CAD | |
| Land Assessment | $1,524,371 CAD | Total Assessment | $3,506,054 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,524,371 CAD
Improvements Assessment
$1,981,683 CAD
Total Assessment
$3,506,054 CAD
zoning
| Zoning Code | R4 |
| R4 |
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49th Street Villas | 4334 49th St
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