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4455-4461 52nd St

8 Unit Apartment Building $4,252,410 CAD ($531,551 CAD/Unit) 4.50% Cap Rate San Diego, CA 92115

Investment Highlights

  • Excellent area of San Diego or Talmadge in gated community with parking
  • Great long term hold for further cash flow.
  • Turn key apartment with full gut 2015 renovation

Executive Summary

Talmadge area of San Diego fully renovated, gated 8 units apartment community. Excellent location and unit mix with four 2/1's and four 1/1's. Gut renovated in 2015 includes new kitchens, baths, flooring, windows, laundry room. Turn key apartment ready for further increased cash flow and long term hold.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $283,494 $49.88
Other Income - -
Vacancy Loss - -
Effective Gross Income $283,494 $49.88
Taxes - -
Operating Expenses - -
Total Expenses $83,631 $14.71
Net Operating Income $199,863 $35.16

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $283,494
Annual Per SF $49.88
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $283,494
Annual Per SF $49.88
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $83,631
Annual Per SF $14.71
Net Operating Income (CAD)
Annual $199,863
Annual Per SF $35.16

Property Facts

Price $4,252,410 CAD
Price Per Unit $531,551 CAD
Sale Type Investment
Cap Rate 4.50%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 15
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 5,684 SF
No. Stories 2
Year Built/Renovated 1959/2015
Parking Ratio 0.5/1,000 SF

Unit Amenities

  • Dishwasher
  • Disposal
  • Microwave
  • Ceiling Fans
  • Tile Floors
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Double Pane Windows
  • Smoke Free

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 700
2+1 4 - 900
Walk Score ®
Very Walkable (84)
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
472-021-05
Land Assessment
$994,278 CAD (2024)
Improvements Assessment
$1,012,671 CAD (2024)
Total Assessment
$2,006,950 CAD (2024)

zoning

Zoning Code MR10B, San Diego
MR10B, San Diego
  • Listing ID: 33716533

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 4455-4461 52nd St, San Diego, CA 92115

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