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The Richmond 4015 Richmond St 19 Unit Apartment Building $13,804,630 CAD ($726,559 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 | $13,804,630 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $726,559 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 | $13,804,630 CAD |
| Price Per Unit | $726,559 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 | $2,325 CAD | - |
| 1+1 | 9 | $2,969 CAD | - |
| 2+1 | 6 | $3,407 CAD | - |
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Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 445-631-08 | Improvements Assessment | $3,453,875 CAD |
| Land Assessment | $1,333,169 CAD | Total Assessment | $1,333,169 CAD |
PROPERTY TAXES
Parcel Number
445-631-08
Land Assessment
$1,333,169 CAD
Improvements Assessment
$3,453,875 CAD
Total Assessment
$1,333,169 CAD
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The Richmond | 4015 Richmond St
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