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Villa Serenidad 3729 Mississippi St 6 Unit Apartment Building $3,117,683 CAD ($519,614 CAD/Unit) 3.22% Cap Rate San Diego, CA 92104
Investment Highlights
- Spanish-style multifamily complex
- Private storage closet included with each unit
- Combination of updated units and value-add opportunity
- Individual parking space for each unit
- On-site coin-operated laundry
- Located between University Ave and Upas St
Executive Summary
Welcome to Villa Serenidad. A well maintained Spanish style complex with four 1br 1bth units and two 2br 1bath units. Each unit has its own parking space, and a storage closet in front of the parking space, on-site coin operated laundry. Four of the units have been tastefully updated with updated hard surface flooring, quartz countertops, shaker style cabinets, and recessed lighting. This property is ideally situated between University and Upas making it close to public transit, shopping, entertainment, Balboa Park and much more! Over $15K of electrical work completed in the last year. Value add opportunity with putting in mini split units and in unit washer and dryer in each unit.The property is offered for sale at $2,275,000 with a 3.22% cap rate. No property showings will be permitted until an offer has been accepted. Effective square footage is unknown, and buyers are responsible for independently verifying the property’s square footage and all related details.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,117,683 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $519,614 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.22% | Building Size | 7,614 SF |
| Gross Rent Multiplier | 15.31 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Zoning | RM-1-1 | ||
| Price | $3,117,683 CAD |
| Price Per Unit | $519,614 CAD |
| Sale Type | Investment |
| Cap Rate | 3.22% |
| Gross Rent Multiplier | 15.31 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,614 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 450 - 550 |
| 2+1 | 2 | - | 750 - 850 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 453-022-10 | Improvements Assessment | $252,544 CAD |
| Land Assessment | $87,628 CAD | Total Assessment | $340,172 CAD |
Property Taxes
Parcel Number
453-022-10
Land Assessment
$87,628 CAD
Improvements Assessment
$252,544 CAD
Total Assessment
$340,172 CAD
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Villa Serenidad | 3729 Mississippi St
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