4665-4669 34th St 16 Unit Apartment Building $10,718,128 CAD ($669,883 CAD/Unit) 4.70% Cap Rate San Diego, CA 92116
INVESTMENT HIGHLIGHTS
- $1,250,000 Spent in Capital Improvements (2024)
- Current CAP: 4.7%; ProForma CAP: 5.2% *** Current GRM: 14.2; ProForma GRM: 13.1
- Off Street Parking for All Units
- Upgraded Electrical, Plumbing, Roofing, Window and Foundation Systems
- Full Interior Upgrades: In-Unit Amenities Include: Washer, Dryer, Full Kitchen Appliance Package, AC Mini Splits
- Two Adjacent 8 Unit Buildings - No Onsite Manager Required
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $10,718,128 CAD |
| Price Per Unit | $669,883 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,564 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $3,982 CAD | - |
| 1+1 | 4 | $3,184 CAD | - |
1 of 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,119,294 CAD (2024) | |
| Land Assessment | $530,658 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $588,636 CAD (2024) | Tax Year | 2025 |
