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Polk Avenue Apartments 4104-4110 Arizona St 4 Unit Apartment Building $2,409,925 CAD ($602,481 CAD/Unit) 4.37% Cap Rate San Diego, CA 92104
Investment Highlights
- Great Area
- Ideal for first time buyers. live in with rental income
- Property well maintained
Executive Summary
4 units in the heart of North Park. Near all, bus line, shops, restaurants, sports bars. Great "bread and butter' residential property. Site is 2 buildings. a front duplex with a 2 bedroom 1 bath unit and a 1 bedroom 1 bath unit. Back building is two 1 bedroom 1 baths units over 4 garages on the alley. a small common area in between buildings. Well cared for property. Close to University Ave and Park Boulevard. Built approx. 1954.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$127,079
|
$41.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,079
|
$41.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,546
|
$11.52
|
| Net Operating Income |
$91,533
|
$29.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $127,079 |
| Annual Per SF | $41.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $127,079 |
| Annual Per SF | $41.19 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,546 |
| Annual Per SF | $11.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,533 |
| Annual Per SF | $29.67 |
Property Facts
| Price | $2,409,925 CAD | Building Class | C |
| Price Per Unit | $602,481 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,085 SF |
| Cap Rate | 4.37% | Average Occupancy | 100% |
| Gross Rent Multiplier | 19 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.3/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Multiple Family Housing | ||
| Price | $2,409,925 CAD |
| Price Per Unit | $602,481 CAD |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| Gross Rent Multiplier | 19 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,085 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 1.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multiple Family Housing |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,436 CAD | 750 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 445-531-16 | Improvements Assessment | $603,050 CAD (2026) |
| Land Assessment | $947,656 CAD (2026) | Total Assessment | $1,550,706 CAD (2026) |
Property Taxes
Parcel Number
445-531-16
Land Assessment
$947,656 CAD (2026)
Improvements Assessment
$603,050 CAD (2026)
Total Assessment
$1,550,706 CAD (2026)
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Polk Avenue Apartments | 4104-4110 Arizona St
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