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335-39 San Elijo St 3 Unit Apartment Building $3,348,812 CAD ($1,116,271 CAD/Unit) 2.26% Cap Rate San Diego, CA 92106
INVESTMENT HIGHLIGHTS
- *RARE* Opportunity to own in "La Playa", one of San Diego's most exclusive communities
- Just Minutes from the San Diego Yacht Club
- Low maintenance and Extremely Easy to Lease / Self Manage
- 2 Blocks from Kellogg Beach
- Zoned RM-3-9. Potential Development Opportunity.
EXECUTIVE SUMMARY
We are proud to present for sale, an extremely rare opportunity to own a property in one of the most coveted locations in all of San Diego. Sitting just blocks from the bay, 335-39 San Elijo St is comprised of 3 Units. These units consist of a 3 bedroom, 2 bath, a 1 bedroom, 1 bath and a studio. The studio has stunning views of the bay. Additionally, the property is zoned RM-3-9 so there is value add potential.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$132,333
|
$58.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,970
|
$1.75
|
| Effective Gross Income |
$128,363
|
$56.60
|
| Taxes |
$41,878
|
$18.46
|
| Operating Expenses |
$10,958
|
$4.83
|
| Total Expenses |
$52,836
|
$23.30
|
| Net Operating Income |
$75,528
|
$33.30
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,333 |
| Annual Per SF | $58.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,970 |
| Annual Per SF | $1.75 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $128,363 |
| Annual Per SF | $56.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,878 |
| Annual Per SF | $18.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,958 |
| Annual Per SF | $4.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,836 |
| Annual Per SF | $23.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,528 |
| Annual Per SF | $33.30 |
PROPERTY FACTS
| Price | $3,348,812 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $1,116,271 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.26% | Building Size | 2,268 SF |
| Gross Rent Multiplier | 26.4 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.65/1,000 SF |
| Zoning | RM-3-9 | ||
| Price | $3,348,812 CAD |
| Price Per Unit | $1,116,271 CAD |
| Sale Type | Investment |
| Cap Rate | 2.26% |
| Gross Rent Multiplier | 26.4 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,268 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | RM-3-9 |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Deck
- Patio
SITE AMENITIES
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $3,211 CAD | - |
| 1+1 | 1 | $3,350 CAD | - |
| 3+2 | 1 | $4,467 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 532-496-05 | Total Assessment | $2,160,453 CAD (2025) |
| Land Assessment | $1,806,928 CAD (2025) | Annual Taxes | $41,878 CAD ($18.46 CAD/SF) |
| Improvements Assessment | $353,525 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
532-496-05
Land Assessment
$1,806,928 CAD (2025)
Improvements Assessment
$353,525 CAD (2025)
Total Assessment
$2,160,453 CAD (2025)
Annual Taxes
$41,878 CAD ($18.46 CAD/SF)
Tax Year
2023
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335-39 San Elijo St
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