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3153-55 G St 4 Unit Apartment Building $2,072,818 CAD ($518,204 CAD/Unit) 5.53% Cap Rate San Diego, CA 92102
Investment Highlights
- 5.53% pro forma cap rate upon lease-up with two brand-new vacant ADUs ready for immediate occupancy.
- Front 4BD/1BA home with opportunity to add a second bathroom (existing plumbing in place).
- Rear detached 1BD/1BA home with detached garage and rental upside.
- Mix of strong in-place income and value-add upside.
- Two newly completed permitted 1BD/1BA ADUs featuring modern finishes, mini-splits, and brand-new appliances.
- Gated property with two laundry areas, storage shed, and separately metered gas & electric.
Executive Summary
We are pleased to present 3153-55 G Street, a four-unit multifamily investment opportunity in San Diego's Grant Hill neighborhood offering immediate lease-up potential and long-term value-add upside. The property features a 4BD/1BA front home with the opportunity to add a second bathroom, two newly constructed 1BD/1BA ADUs (2026) delivered vacant with modern finishes, mini-splits, and brand-new appliances, and a detached 1BD/1BA rear home with a one-car garage and additional rental upside. Additional amenities include owned solar, two laundry areas, separate gas and electric meters, a gated lot, and a storage shed. Conveniently located just minutes from Downtown San Diego, Balboa Park, and major freeways, the property is projected to achieve an estimated 5.53% pro forma cap rate upon lease-up, while still offering meaningful upside through renovation of the existing homes.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$172,852
|
$64.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,186
|
$1.94
|
| Effective Gross Income |
$167,666
|
$62.70
|
| Taxes |
$25,911
|
$9.69
|
| Operating Expenses |
$27,193
|
$10.17
|
| Total Expenses |
$53,103
|
$19.86
|
| Net Operating Income |
$114,563
|
$42.84
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $172,852 |
| Annual Per SF | $64.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,186 |
| Annual Per SF | $1.94 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $167,666 |
| Annual Per SF | $62.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,911 |
| Annual Per SF | $9.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,193 |
| Annual Per SF | $10.17 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,103 |
| Annual Per SF | $19.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $114,563 |
| Annual Per SF | $42.84 |
Property Facts
| Price | $2,072,818 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $518,204 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.53% | Building Size | 2,674 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 0% |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1960/2026 |
| Property Type | Multifamily | Parking Ratio | 1.87/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RX-1-1 | ||
| Price | $2,072,818 CAD |
| Price Per Unit | $518,204 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 2,674 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2026 |
| Parking Ratio | 1.87/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RX-1-1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 1 | $5,973 CAD | 1,380 |
| 1+1 | 3 | $2,811 CAD | 355 - 506 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 545-042-07 | Total Assessment | $1,110,512 CAD (2025) |
| Land Assessment | $167,919 CAD (2025) | Annual Taxes | $25,911 CAD ($9.69 CAD/SF) |
| Improvements Assessment | $942,594 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
545-042-07
Land Assessment
$167,919 CAD (2025)
Improvements Assessment
$942,594 CAD (2025)
Total Assessment
$1,110,512 CAD (2025)
Annual Taxes
$25,911 CAD ($9.69 CAD/SF)
Tax Year
2026
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3153-55 G St
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