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3933-3945 Hamilton St 14 Unit Apartment Building $6,281,640 CAD ($448,689 CAD/Unit) 4.12% Cap Rate San Diego, CA 92104
INVESTMENT HIGHLIGHTS
- Prime North Park location with a Walk Score of 95 – steps from University Ave, 30th St, dining, and retail
- Recent upgrades: exterior repaint, new roofs on front buildings, updated landscaping, and 12 custom window replacements
- 14 units on a large ±13,986 SF lot with Attractive unit mix of (12) 1BR/1BA and (2) 2BR/1BA
- ADU potential with conversion of rear garages
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 3933–45 Hamilton Street, a 14-unit apartment complex in the heart of San Diego’s North Park neighborhood. Built in 1927, the property spans approximately 7,056 rentable square feet on a large ±13,986 square foot lot and boasts a Walk Score of 95. The unit mix includes twelve one-bedroom/one-bath units and two two-bedroom/one-bath units, complemented by gated access, a central courtyard, on-site laundry, eight off-street parking spaces, and three garages. With well-maintained interiors but below-market rents, the property offers investors a compelling value-add opportunity through renovation and repositioning.
Recent upgrades include a full exterior repaint, new roofs on the front buildings, updated landscaping, and replacement of 12 custom windows. Its prime location—just steps from University Avenue, 30th Street, and major freeways—adds to its long-term desirability. 3933–45 Hamilton Street presents a rare chance to acquire a historically significant, income-producing asset with strong rental upside and potential for two ADU conversions.
Recent upgrades include a full exterior repaint, new roofs on the front buildings, updated landscaping, and replacement of 12 custom windows. Its prime location—just steps from University Avenue, 30th Street, and major freeways—adds to its long-term desirability. 3933–45 Hamilton Street presents a rare chance to acquire a historically significant, income-producing asset with strong rental upside and potential for two ADU conversions.
PROPERTY FACTS Under Contract
| Price | $6,281,640 CAD | Apartment Style | Garden |
| Price Per Unit | $448,689 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 4.12% | Building Size | 7,056 SF |
| Gross Rent Multiplier | 15.63 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Zoning | RM-3-9 - Complete Communities Housing Solutions (CCHS): Yes: FAR Tier 3: 6.5 FAR | ||
| Price | $6,281,640 CAD |
| Price Per Unit | $448,689 CAD |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Gross Rent Multiplier | 15.63 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,056 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | RM-3-9 - Complete Communities Housing Solutions (CCHS): Yes: FAR Tier 3: 6.5 FAR |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Yard
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 500 |
| 2+1 | 2 | - | 900 |
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 445-702-10 | Improvements Assessment | $492,120 CAD |
| Land Assessment | $402,637 CAD | Total Assessment | $894,757 CAD |
PROPERTY TAXES
Parcel Number
445-702-10
Land Assessment
$402,637 CAD
Improvements Assessment
$492,120 CAD
Total Assessment
$894,757 CAD
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3933-3945 Hamilton St
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