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8-Unit 3018 44th St 8 Unit Apartment Building $3,033,668 CAD ($379,208 CAD/Unit) San Diego, CA 92105
Executive Summary
8-Unit Value-Add Opportunity in San Diego's City Heights. All eight units are 1-bedroom/1-bathroom with a dedicated parking space and on-site laundry. Current rents are below market rates. Recent capital improvements include a full move-out renovation on Unit 3 (paint, cabinets, new locks, medicine cabinet, faucet), new stoves in Units 5, 8, and 9. Recent capital improvements also include a new water heater and gas valve (10/2024), a new kitchen sink in Unit 1, and new blinds, screens, and a vent hood in Unit 8. Property-wide, a completed SB721 inspection report and new rear fencing (02/2026) add peace of mind for the next owner. City Heights is one of San Diego's oldest and most storied neighborhoods, platted in the 1880s and briefly its own incorporated city East San Diego from 1912 to 1923 before merging back into San Diego. Today it's one of the city's most walkable and diverse communities, with strong, consistent rental demand. The property sits directly across Fairmount Ave from Azalea Park, and is close to schools, shopping, and dining. Quick access to both the I-805 and SR-15 freeways puts Balboa Park about 10 minutes away and SDSU about 15 minutes away.
Property Facts
| Price | $3,033,668 CAD | Building Class | C |
| Price Per Unit | $379,208 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4:Multiple Residential | ||
| Price | $3,033,668 CAD |
| Price Per Unit | $379,208 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,456 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R-4:Multiple Residential |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,275 CAD | 500 |
| 1+1 | 1 | $1,627 CAD | 500 |
| 1+1 | 1 | - | 500 |
| 1+1 | 1 | $1,812 CAD | 500 |
| 1+1 | 1 | $1,783 CAD | 500 |
| 1+1 | 1 | $1,486 CAD | 500 |
| 1+1 | 1 | $1,812 CAD | 500 |
| 1+1 | 1 | $2,337 CAD | 500 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 476-291-21 | Improvements Assessment | $596,499 CAD |
| Land Assessment | $695,629 CAD | Total Assessment | $1,292,128 CAD |
Property Taxes
Parcel Number
476-291-21
Land Assessment
$695,629 CAD
Improvements Assessment
$596,499 CAD
Total Assessment
$1,292,128 CAD
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Presented by
Luda Phipps, Broker
8-Unit | 3018 44th St
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