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2956 Ulric St 3 Unit Apartment Building $3,154,674 CAD ($1,051,558 CAD/Unit) 4.35% Cap Rate San Diego, CA 92111
Investment Highlights
- Detached 2BR/1BA home + two newly constructed 3BR/2.5BA townhomes
- Located in Linda Vista, a central San Diego rental pocket near USD, the bay, Clairemont, beaches, and major freeways
- New construction and fully remodeled improvements with NO future capital needs
Executive Summary
Viewings with accepted offers only.
An exceptional opportunity for investors seeking a truly hands-off, stabilized asset in one of San Diego’s most consistently strong rental pockets. Linda Vista continues to stand out as a central suburb with convenient access to the bay, Clairemont, USD, and major employment hubs—driving steady tenant demand and long-term rent growth.
Unlike many opportunities in this price range, where buyers are required to inject additional capital into renovations or reposition under-market units, this property offers a rare alternative: new construction and fully remodeled units that provide immediate stability and peace of mind, minimizing future capital expenditures.
The property consists of a detached 2BR/1BA home and two newly constructed 3BR/2.5BA townhomes, each featuring attached garages and private patios. Interiors are thoughtfully designed with quartz countertops, modern cabinetry, in-unit laundry, and high-end finishes that appeal to quality long-term tenants. Situated on a 5,800 SF lot with 3,146 SF of net rentable space, the property is well-positioned to attract students, professionals, and families alike.
An exceptional opportunity for investors seeking a truly hands-off, stabilized asset in one of San Diego’s most consistently strong rental pockets. Linda Vista continues to stand out as a central suburb with convenient access to the bay, Clairemont, USD, and major employment hubs—driving steady tenant demand and long-term rent growth.
Unlike many opportunities in this price range, where buyers are required to inject additional capital into renovations or reposition under-market units, this property offers a rare alternative: new construction and fully remodeled units that provide immediate stability and peace of mind, minimizing future capital expenditures.
The property consists of a detached 2BR/1BA home and two newly constructed 3BR/2.5BA townhomes, each featuring attached garages and private patios. Interiors are thoughtfully designed with quartz countertops, modern cabinetry, in-unit laundry, and high-end finishes that appeal to quality long-term tenants. Situated on a 5,800 SF lot with 3,146 SF of net rentable space, the property is well-positioned to attract students, professionals, and families alike.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$189,215
|
$60.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,215
|
$60.14
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $189,215 |
| Annual Per SF | $60.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $189,215 |
| Annual Per SF | $60.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,154,674 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,051,558 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.35% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 16.67 | Building Size | 3,146 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | RM-1-1 - Multi-Family 10 units or less | ||
| Price | $3,154,674 CAD |
| Price Per Unit | $1,051,558 CAD |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Gross Rent Multiplier | 16.67 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,146 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | RM-1-1 - Multi-Family 10 units or less |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,331 CAD | 750 |
| 3+2.5 | 2 | $5,719 CAD | 1,180 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 431-641-08 | Improvements Assessment | $136,369 CAD (2025) |
| Land Assessment | $946,237 CAD (2025) | Total Assessment | $1,082,606 CAD (2025) |
Property Taxes
Parcel Number
431-641-08
Land Assessment
$946,237 CAD (2025)
Improvements Assessment
$136,369 CAD (2025)
Total Assessment
$1,082,606 CAD (2025)
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2956 Ulric St
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