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3914-3916 Adams Ave 2 Unit Apartment Building $2,131,050 CAD ($1,065,525 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 |
$110,047
|
$39.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,302
|
$1.20
|
| Effective Gross Income |
$106,746
|
$38.69
|
| Taxes |
$26,662
|
$9.66
|
| Operating Expenses |
$12,768
|
$4.63
|
| Total Expenses |
$39,430
|
$14.29
|
| Net Operating Income |
$67,316
|
$24.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $110,047 |
| Annual Per SF | $39.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,302 |
| Annual Per SF | $1.20 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $106,746 |
| Annual Per SF | $38.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,662 |
| Annual Per SF | $9.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,768 |
| Annual Per SF | $4.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,430 |
| Annual Per SF | $14.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $67,316 |
| Annual Per SF | $24.40 |
Property Facts
| Price | $2,131,050 CAD | Apartment Style | Garden |
| Price Per Unit | $1,065,525 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 | $2,131,050 CAD |
| Price Per Unit | $1,065,525 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 | $1,244,864 CAD |
| Land Assessment | $908,415 CAD | Annual Taxes | $26,662 CAD ($9.66 CAD/SF) |
| Improvements Assessment | $336,449 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
440-520-11
Land Assessment
$908,415 CAD
Improvements Assessment
$336,449 CAD
Total Assessment
$1,244,864 CAD
Annual Taxes
$26,662 CAD ($9.66 CAD/SF)
Tax Year
2025
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3914-3916 Adams Ave
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