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Investment Highlights

  • Desirable Neighborhood
  • Long-term Tenant Appeal
  • Historic Character
  • Recently Updated Kitchens and Baths

Executive Summary

Exceptional multi-family investment opportunity in the heart of University Heights. 4480–4486 Texas St features four upgraded units, including one 2BR/1BA and three 1BR/1BA residences, thoughtfully improved for long-term performance and tenant appeal. Each bungalow offers remodeled kitchens new appliances and dishwashers, remodeled baths, in-unit laundry, private fenced outdoor space, and modern conveniences throughout. Extensive improvements include new copper plumbing and PVC drains to the alley, updated HVAC systems, French drains with sump pumps, and a new roof and gutters on 4486. Exterior upgrades include fresh paint, new fencing, and private patios for all units. Additional highlights include split-system HVAC, tankless water heaters (3 units), 4486 has EV charging, and three off-street parking spaces. Ideally located near vibrant dining, shopping, and transit, this turnkey asset blends strong rental fundamentals with future upside in one of San Diego’s most desirable urban neighborhoods.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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 -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
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

Price $2,864,904 CAD
Price Per Unit $716,226 CAD
Sale Type Investment
Cap Rate 4.75%
Gross Rent Multiplier 18.56
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 2,450 SF
Average Occupancy 100%
No. Stories 1
Year Built 1925
Parking Ratio 1.22/1,000 SF
Zoning MCCPD-MR-1750

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Range

Site Amenities

  • Controlled Access
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $3,879 CAD 800
1+1 3 $3,796 CAD 525 - 600
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
445-232-27
Land Assessment
$1,982,760 CAD
Improvements Assessment
$587,484 CAD
Total Assessment
$2,570,244 CAD
  • Listing ID: 40024389

  • Date on Market: 2026-04-03

  • Last Updated:

  • Address: 4480-4486 Texas St, San Diego, CA 92116

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