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Chateaux Suzanne 4218 46th St 14 Unit Apartment Building $4,307,751 CAD ($307,697 CAD/Unit) 5.38% Cap Rate San Diego, CA 92115



INVESTMENT HIGHLIGHTS
- 2025 new roof and solar system, which adds $12,500 to owner's income. Two units with recent updates, others can benefit from a value-add program.
EXECUTIVE SUMMARY
Stabilized value-add opportunity with strong current cash flow and future upside.
Brand new solar system and roof installed in 2025. Solar program managed by Ivy Energy, to the benefit of owner.
Brand new solar system and roof installed in 2025. Solar program managed by Ivy Energy, to the benefit of owner.
DATA ROOM Click Here to Access
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 In Escrow
| Price | $4,307,751 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $307,697 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.38% | Building Size | 5,856 SF |
| Gross Rent Multiplier | 11.23 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 0.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, San Diego - Multifamily | ||
| Price | $4,307,751 CAD |
| Price Per Unit | $307,697 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 11.23 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,856 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, San Diego - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | $2,516 CAD | 420 |
| Studios | 1 | $2,036 CAD | 400 |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 471-302-13 | Total Assessment | $2,011,683 CAD |
| Land Assessment | $670,557 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,341,126 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
471-302-13
Land Assessment
$670,557 CAD
Improvements Assessment
$1,341,126 CAD
Total Assessment
$2,011,683 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Chateaux Suzanne | 4218 46th St
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