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London Terrace Apartments 4070-4078 Texas St 9 Unit Apartment Building $4,527,600 CAD ($503,067 CAD/Unit) 5.01% Cap Rate San Diego, CA 92104
INVESTMENT HIGHLIGHTS
- Quality building, eye appeal, professionally managed
EXECUTIVE SUMMARY
9 units, all 2 bedrooms, central North Park neighborhood , San Diego 92104, Seller to cash out, not an exchange. Contact 2nd Agent Charles Jolly, 858-336-9531, charlesjolly3@gmail.com, for rent roll and financials
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$349,394
|
$49.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$349,394
|
$49.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
$100,876
|
$14.42
|
| Total Expenses |
$100,876
|
$14.42
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $349,394 |
| Annual Per SF | $49.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $349,394 |
| Annual Per SF | $49.94 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $100,876 |
| Annual Per SF | $14.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,876 |
| Annual Per SF | $14.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $4,527,600 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $503,067 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.01% | Building Size | 6,996 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 9 | Year Built | 2000 |
| Property Type | Multifamily | Parking Ratio | 0.57/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-3-7 - Multi Family | ||
| Price | $4,527,600 CAD |
| Price Per Unit | $503,067 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,996 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 0.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-3-7 - Multi Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $3,698 CAD | 800 - 900 |
| 2+1 | 8 | $3,149 CAD | 900 - 1,000 |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 445-572-28 | Improvements Assessment | $299,406 CAD |
| Land Assessment | $114,553 CAD | Total Assessment | $413,959 CAD |
PROPERTY TAXES
Parcel Number
445-572-28
Land Assessment
$114,553 CAD
Improvements Assessment
$299,406 CAD
Total Assessment
$413,959 CAD
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London Terrace Apartments | 4070-4078 Texas St
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