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The Richmond 4015 Richmond St 19 Unit Apartment Building $13,889,404 CAD ($731,021 CAD/Unit) San Diego, CA 92103
EXECUTIVE SUMMARY
Presenting The Richmond! Newly built 19-units (2025) in the heart of Hillcrest, featuring studios, 1BRs, and 2BRs averaging 597 SF, most with balconies. A recent rent comps survey indicates current rents are 20% below market, presenting an investor with the opportunity to unlock hidden value and achieve higher returns with minimal capital investment. The property is also exempt from AB 1482 rent caps through at least 2040, providing flexibility to capture market rent growth. Units include in-unit W/D, premium cabinetry, quartz counters, stainless steel appliances, triple-pane windows, and dishwashers in all but three units. Central HVAC ensures year-round comfort. Community features: secured subterranean parking (6 standard + 1 ADA), roof-mounted 17.3 kW solar. Built with wood-frame over podium construction, the property enjoys unmatched proximity to Balboa Park, UCSD Medical Center, Scripps Mercy, Downtown, and the airport. With strong demographics, high renter demand, and limited supply, The Richmond is a rare best-in-class asset in a prime San Diego location.
PROPERTY FACTS
| Price | $13,889,404 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $731,021 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 19 | Building Size | 11,343 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | 30 | ||
| Price | $13,889,404 CAD |
| Price Per Unit | $731,021 CAD |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 11,343 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Zoning | 30 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Elevator
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $2,340 CAD | - |
| 1+1 | 9 | $2,987 CAD | - |
| 2+1 | 6 | $3,428 CAD | - |
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Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 445-631-08 | Improvements Assessment | $3,489,800 CAD |
| Land Assessment | $1,347,036 CAD | Total Assessment | $1,347,036 CAD |
PROPERTY TAXES
Parcel Number
445-631-08
Land Assessment
$1,347,036 CAD
Improvements Assessment
$3,489,800 CAD
Total Assessment
$1,347,036 CAD
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The Richmond | 4015 Richmond St
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