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Point Loma Duplex on 8,300+ sq ft Lot 1980 Chatsworth Blvd 2 Unit Apartment Building $3,001,228 CAD ($1,500,614 CAD/Unit) 2.67% Cap Rate San Diego, CA 92107
INVESTMENT HIGHLIGHTS
- Large 8,342 Sq. Ft Lot w/ 3 Points of Egress (Alley, Chatsworth, Poe)
- Potential to Build 2 ADUs ~1300 sq ft & ~550 sq ft
- Existing Detached Garage
- 1920s Architectural Design w/ Natural Light
- Potential Owner Occupant
EXECUTIVE SUMMARY
Charming Point Loma duplex with detached garage on an expansive 8,342 sq. ft. flat lot with three points of egress and excellent ADU potential, potentially supporting additional footprints of ~1,300 sq. ft. and 550+ sq. ft. (with two-story option) without affecting the existing structure. The two 2BR/1BA units feature 1920s Spanish character with arched doorways, original hardwood floors, and abundant natural light, paired with modern upgrades including a new roof (2020), updated systems, and a detached, refinished garage offering versatile use potential. Each unit also enjoys a private yard, while the property’s prime Point Loma location outside the Coastal Overlay delivers both immediate rental income and a rare opportunity to expand density while preserving historic charm.
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
|
| Net Operating Income |
-
|
-
|
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 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,001,228 CAD | Apartment Style | Garden |
| Price Per Unit | $1,500,614 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 2.67% | Building Size | 1,788 SF |
| Gross Rent Multiplier | 23.27 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2005 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | RS-1-7 - Multi-Family 10 units or less | ||
| Price | $3,001,228 CAD |
| Price Per Unit | $1,500,614 CAD |
| Sale Type | Investment |
| Cap Rate | 2.67% |
| Gross Rent Multiplier | 23.27 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 1,788 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1928/2005 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RS-1-7 - Multi-Family 10 units or less |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $5,374 CAD | 894 |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (71)
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Point Loma Duplex on 8,300+ sq ft Lot | 1980 Chatsworth Blvd
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