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2621 Highland Ave 7 Unit Apartment Building $3,071,024 CAD ($438,718 CAD/Unit) 4.41% Cap Rate San Diego, CA 92105
INVESTMENT HIGHLIGHTS
- All units have been renovated from 2020-2025. Exterior Renovated 2025
- Further Upside Potential Through Continuation of Utility Billback Program already in Place with Third Party RUBS program Livable
- Large Floorplans with one townhome style unit with attached 2-Car Garage
- Strong In-Place Cash Flow with Upside - 4.41% In-Place, 5.8% Pro Forma Cap
- 11 On-site Parking Spaces
- Property is right next to Swan Canyon
EXECUTIVE SUMMARY
Prime Investment Property with Upside – Ideal for investors looking to acquire a well-located asset with room to capture higher rent
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$181,362
|
$32.76
|
| Other Income |
$1,626
|
$0.29
|
| Vacancy Loss |
$1,815
|
$0.33
|
| Effective Gross Income |
$181,174
|
$32.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$47,330
|
$8.55
|
| Net Operating Income |
$133,844
|
$24.18
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,362 |
| Annual Per SF | $32.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,626 |
| Annual Per SF | $0.29 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,815 |
| Annual Per SF | $0.33 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $181,174 |
| Annual Per SF | $32.73 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,330 |
| Annual Per SF | $8.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $133,844 |
| Annual Per SF | $24.18 |
PROPERTY FACTS
| Price | $3,071,024 CAD | Building Class | C |
| Price Per Unit | $438,718 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,536 SF |
| Cap Rate | 4.41% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 4 - R-4: Multiple Residential | ||
| Price | $3,071,024 CAD |
| Price Per Unit | $438,718 CAD |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2025 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | 4 - R-4: Multiple Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Disposal
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Dining Room
- Freezer
- Linen Closet
- Pantry
- Patio
- Smoke Free
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Recycling
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,436 CAD | 609 |
| 2+1.5 | 2 | $2,652 CAD | 943 |
| 2+2 | 1 | $3,071 CAD | 1,260 |
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2621 Highland Ave
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