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Executive Summary

Rare Old Town San Diego 4-unit investment opportunity in one of the city’s most vibrant and walkable neighborhoods. Located just moments from San Diego Avenue and Congress Street, this multifamily property is surrounded by some of Old Town’s most popular restaurants, nightlife, hotels, shops, and tourist destinations including Rockin’ Baja Lobster, Old Town Tequila Factory, Tahona Bar, Harney Sushi, Casa de Reyes, Heritage Park, and the historic Old Town district. The property features four bachelor-style units with dedicated parking for every unit. Surrounded by mature palms and attractive low-maintenance landscaping, the property offers classic Southern California character with strong rental appeal for those seeking a vacation rental or long-term tenants looking for a centrally located San Diego lifestyle. Positioned minutes from Downtown San Diego, Little Italy, Mission Hills, the waterfront, San Diego International Airport, beaches, and major freeways, this property benefits from exceptional accessibility while still maintaining the charm and energy Old Town is known for. The area continues to attract short-term visitors and long-term renters alike. This an outstanding opportunity for investors looking to own a boutique multifamily asset in one of San Diego’s most consistently sought-after rental corridors.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $89,559 $69.97
Other Income - -
Vacancy Loss - -
Effective Gross Income $89,559 $69.97
Taxes $19,489 $15.23
Operating Expenses $21,478 $16.78
Total Expenses $40,967 $32.01
Net Operating Income $48,592 $37.96

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $89,559
Annual Per SF $69.97
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $89,559
Annual Per SF $69.97
Taxes (CAD)
Annual $19,489
Annual Per SF $15.23
Operating Expenses (CAD)
Annual $21,478
Annual Per SF $16.78
Total Expenses (CAD)
Annual $40,967
Annual Per SF $32.01
Net Operating Income (CAD)
Annual $48,592
Annual Per SF $37.96

Property Facts

Price $1,676,076 CAD
Price Per Unit $419,019 CAD
Sale Type Investment
Cap Rate 2.90%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 1,280 SF
Average Occupancy 100%
No. Stories 2
Year Built 1996
Zoning OTRM-2-2 - Old Town Residential Mixed-Use

Amenities

Site Amenities

  • Fenced Lot

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 $1,906 CAD -
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
442-570-70
Land Assessment
$919,874 CAD
Improvements Assessment
$574,922 CAD
Total Assessment
$1,494,796 CAD
Annual Taxes
$19,489 CAD ($15.23 CAD/SF)
Tax Year
2025
  • Listing ID: 40462166

  • Date on Market: 2026-05-08

  • Last Updated:

  • Address: 2525 Jefferson St, San Diego, CA 92110

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