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3914-3916 Adams Ave 2 Unit Apartment Building $2,062,440 CAD ($1,031,220 CAD/Unit) 3.16% Cap Rate San Diego, CA 92116
Investment Highlights
- Prime Normal Heights Location on Adams Ave
- 40% Upside in Rental Income
- (8) Off-Street Parking Spaces & (1) 2 Car Garage
- Diverse Unit Mix with Commercial & Residential Units
- Large Renovated Commercial Space
- Surrounded by Shops, Restaurants, Bars, and Entertainment
Executive Summary
**3 Unit Mixed Use Opportunity in Prime Normal Heights** Located on Adams Ave and surrounded by the neighborhood’s best shops, restaurants, bars, and entertainment. The property offers a diverse mixed-use layout, including one (1) large renovated commercial space, one (1) 2BD/1BA residential unit, and one (1) 1BD/1BA residential unit, supported by eight (8) off-street parking spaces and (1) detached 2-car garage. There is 40% upside in rental income, with additional upside through a potential garage ADU conversion. Perfect for an owner user or an investor looking to take advantage of an ADU opportunity in a prime Mid-City location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$106,504
|
$38.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,195
|
$1.16
|
| Effective Gross Income |
$103,309
|
$37.44
|
| Taxes |
$25,804
|
$9.35
|
| Operating Expenses |
$12,357
|
$4.48
|
| Total Expenses |
$38,161
|
$13.83
|
| Net Operating Income |
$65,148
|
$23.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $106,504 |
| Annual Per SF | $38.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,195 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $103,309 |
| Annual Per SF | $37.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,804 |
| Annual Per SF | $9.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,357 |
| Annual Per SF | $4.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,161 |
| Annual Per SF | $13.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,148 |
| Annual Per SF | $23.61 |
Property Facts
| Price | $2,062,440 CAD | Apartment Style | Garden |
| Price Per Unit | $1,031,220 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 3.16% | Building Size | 2,759 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.9/1,000 SF |
| Zoning | RS-1-7 - Residential Zoning | ||
| Price | $2,062,440 CAD |
| Price Per Unit | $1,031,220 CAD |
| Sale Type | Investment |
| Cap Rate | 3.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 2,759 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.9/1,000 SF |
| Zoning | RS-1-7 - Residential Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 440-520-11 | Total Assessment | $1,221,740 CAD |
| Land Assessment | $891,541 CAD | Annual Taxes | $25,804 CAD ($9.35 CAD/SF) |
| Improvements Assessment | $330,199 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
440-520-11
Land Assessment
$891,541 CAD
Improvements Assessment
$330,199 CAD
Total Assessment
$1,221,740 CAD
Annual Taxes
$25,804 CAD ($9.35 CAD/SF)
Tax Year
2025
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3914-3916 Adams Ave
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