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402 Arbor Dr 14 Unit Apartment Building For Sale San Diego, CA 92103
Investment Highlights
- New Construction Asset in Prime Hillcrest Location
- High-End Unit Finishes & Modern Amenities
- Excellent Walkability & Central Connectivity
- 14-Unit Apartment Community with Strong Unit Mix
- Proximity to Major Employment Centers
Executive Summary
CBRE is pleased to present 4th & Arbor Apartments, a newly constructed 14-unit apartment community located in the highly desirable Hillcrest neighborhood of San Diego. The property features a strong unit mix of ten (10) one-bedroom / one-bath units and four (4) two-bedroom / one-bath units, designed to appeal to a wide range of urban renters. The property offers modern, high-quality interiors including in-unit washer and dryer, stainless steel appliances, quartz countertops, tile backsplashes, walk-in tiled showers, and air conditioning, complemented by vinyl plank flooring, contemporary cabinetry, and modern finishes throughout. Situated in the heart of Hillcrest, residents enjoy immediate access to one of San Diego’s most vibrant and walkable neighborhoods, with a wide array of restaurants, nightlife, retail, and entertainment options just steps away. The property is also located near major employment hubs including UC San Diego Medical Center and Scripps Mercy Hospital, making it an attractive option for professionals seeking proximity to work and lifestyle amenities. 4th & Arbor Apartments benefits from excellent connectivity, with convenient access to Downtown San Diego, Mission Valley, and major freeways including Interstate 5, State Route 163, and Interstate 8, allowing for efficient travel throughout the region. With its prime Hillcrest location, new construction quality, and strong walkability, 4th & Arbor Apartments presents a compelling investment opportunity in one of San Diego’s most sought-after rental markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 14 | Building Size | 5,450 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 0.36/1,000 SF |
| Building Class | C | ||
| Zoning | RM-3-9 | ||
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,450 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2025 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | RM-3-9 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $3,122 CAD | 590 |
| 2+1 | 4 | $3,333 CAD | 800 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 444-720-29 | Improvements Assessment | $1,371,672 CAD |
| Land Assessment | $1,787,076 CAD | Total Assessment | $3,158,748 CAD |
Property Taxes
Parcel Number
444-720-29
Land Assessment
$1,787,076 CAD
Improvements Assessment
$1,371,672 CAD
Total Assessment
$3,158,748 CAD
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402 Arbor Dr
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