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Landis Canyon 3553 Landis St 4 Unit Apartment Building $2,953,392 CAD ($738,348 CAD/Unit) 4.26% Cap Rate San Diego, CA 92104

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Investment Highlights

92104 Zip Code. Private Canyon Like Setting.
Built in 1987
.21 ACRE Flat Lot should allow for Development of 2 Additional ADUs

Four 3BR/2Bath Units
Qualifies for High Leveraged 30 Yr Fixed Residential Financing

Executive Summary

The Landis Canyon apartments provides a unique opportunity to own a 4 Unit Apartment Complex with Stabilized Market Rents in Four 3BR Units. The Seller has Architectural Plans to Build 2 Additional Units. Located in the highly desirable 92104 Zip Code on a .21 Acre Flat Lot the property consists of Four Large 3BR/2Bath units with an average of 915 SF each and built in 1987. Architectural Plans are available to build 2 additional units consisting of a 2BR/2Bath & a 3BR/3Bath. The addition of these 2 units should bring in close to $7,000/month on top of the current income which is $11,400/month.
The Property is Centrally Located in between the 805 & 15 Freeways. Tenants will enjoy the convenience of being just a short walk to several Vibrant Neighborhoods including North Park, South Park & Normal Heights. The 3BR units are perfect for Families given the convenient location to several Elementary, Middle & High Schools as well as Several Grocery & Convenience Stores. Young Professionals will enjoy the convenience of being within a short walk, bike ride or Uber/Lyft to several Restaurants & Bars.

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$125,901	$34.40

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	-
Annual Per SF	-

Net Operating Income (CAD)
Annual	$125,901
Annual Per SF	$34.40

Property Facts

Price	$2,953,392 CAD	Building Class	C
Price Per Unit	$738,348 CAD	Lot Size	0.24 AC
Sale Type	Investment	Building Size	3,660 SF
Cap Rate	4.26%	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built	1987
Property Subtype	Apartment	Parking Ratio	2.19/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RS-1-7 - Opportunity Zone.

Price	$2,953,392 CAD
Price Per Unit	$738,348 CAD
Sale Type	Investment
Cap Rate	4.26%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.24 AC
Building Size	3,660 SF
Average Occupancy	100%
No. Stories	2
Year Built	1987
Parking Ratio	2.19/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RS-1-7 - Opportunity Zone.