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2202-2216 E St 8 Unit Apartment Building $3,295,152 CAD ($411,894 CAD/Unit) 2.62% Cap Rate San Diego, CA 92102
Investment Highlights
- Value-Add Under Market Rents & Original Interiors
- Corner Lot With Street Parking Spaces Out Front
- Centrally Located In Golden Hill
- Rare Spanish Style Construction
- All 1-Bedroom Floor Plans
Executive Summary
2202 E Street presents a rare opportunity to acquire a value-add multifamily asset in the highly desirable Golden Hill neighborhood of San Diego. Built in 1939, the property consists of eight (8) onebedroom/ one-bathroom units totaling approximately 4,462 square feet of building area situated on a 4,881 square foot lot.
The property features classic Spanish-style architecture, with a courtyard-style layout and elevated positioning that provides strong curb appeal and character rarely found among other buildings. Many of the interiors maintain their original finishes, presenting investors with a clear opportunity to renovate units and significantly increase rental income through interior upgrades and operational improvements.
Units feature efficient one-bedroom floor plans that appeal to the area's strong renter base, including young professionals, service workers, and residents seeking proximity to downtown San Diego. With continued demand for centrally located rental housing, the property offers investors the ability to capture meaningful rental upside through a strategic renovation program.
2202 E Street represents an excellent opportunity for investors seeking a well-located multifamily property with strong value-add potential in one of San Diego's most desirable rental markets.
CONTACT COLE SILVERMAN FOR MORE DETAILS (619) 851-8467 | Cole@whitewatercre.com
The property features classic Spanish-style architecture, with a courtyard-style layout and elevated positioning that provides strong curb appeal and character rarely found among other buildings. Many of the interiors maintain their original finishes, presenting investors with a clear opportunity to renovate units and significantly increase rental income through interior upgrades and operational improvements.
Units feature efficient one-bedroom floor plans that appeal to the area's strong renter base, including young professionals, service workers, and residents seeking proximity to downtown San Diego. With continued demand for centrally located rental housing, the property offers investors the ability to capture meaningful rental upside through a strategic renovation program.
2202 E Street represents an excellent opportunity for investors seeking a well-located multifamily property with strong value-add potential in one of San Diego's most desirable rental markets.
CONTACT COLE SILVERMAN FOR MORE DETAILS (619) 851-8467 | Cole@whitewatercre.com
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
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $3,295,152 CAD | Property Subtype | Apartment |
| Price Per Unit | $411,894 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.62% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 18.74 | Building Size | 4,462 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1939 |
| Zoning | RM-1-2 - Residential Multi-Family Zoning | ||
| Price | $3,295,152 CAD |
| Price Per Unit | $411,894 CAD |
| Sale Type | Investment |
| Cap Rate | 2.62% |
| Gross Rent Multiplier | 18.74 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,462 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | RM-1-2 - Residential Multi-Family Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,001 CAD | 557 |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 534-382-06 | Total Assessment | $466,441 CAD |
| Land Assessment | $202,134 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $264,307 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
534-382-06
Land Assessment
$202,134 CAD
Improvements Assessment
$264,307 CAD
Total Assessment
$466,441 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
Contacts
-
Carson Trujillo -
Cole Silverman -
Connor Stolle -
Whitewater Commercial Real Estate
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