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Investment Highlights

  • Private Fenced Yard Space for Each Dwelling
  • Excellent Coastal Location
  • Separate Entrances , Only 1 Shared Wall

Executive Summary

Low maintenance ' bread n butter' coastal apartment deal with a variety of value add strategies for the next investor, or owner occupant. Current leases in place are month to month. Market rent for a 1bedroom ground floor apartment with private fenced yard ranges from $2850-$3250 depending on quality of finishes post rehab and amenities provided. Cap rate advertised is based on $3,000 per month, per unit.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $100,800 $100.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $100,800 $100.80
Taxes $20,926 $20.93
Operating Expenses $8,685 $8.68
Total Expenses $29,611 $29.61
Net Operating Income $71,189 $71.19

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $100,800
Annual Per SF $100.80
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $100,800
Annual Per SF $100.80
Taxes (CAD)
Annual $20,926
Annual Per SF $20.93
Operating Expenses (CAD)
Annual $8,685
Annual Per SF $8.68
Total Expenses (CAD)
Annual $29,611
Annual Per SF $29.61
Net Operating Income (CAD)
Annual $71,189
Annual Per SF $71.19

Property Facts

Price $1,701,357 CAD
Price Per Unit $850,679 CAD
Sale Type Investment
Cap Rate 4.22%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 16.5
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 1,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1951
Parking Ratio 1/1,000 SF
Zoning RM 1-1 - multiple dwelling units allowed by right

Amenities

Unit Amenities

  • Heating
  • Yard
  • Patio
  • Porch

Site Amenities

  • Fenced Lot
  • Zen Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $3,986 CAD 500
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
448-551-09
Land Assessment
$143,757 CAD (2025)
Improvements Assessment
$152,371 CAD (2025)
Total Assessment
$296,128 CAD (2025)
Annual Taxes
$20,926 CAD ($20.93 CAD/SF)
Tax Year
2026
  • Listing ID: 41012954

  • Date on Market: 2026-06-22

  • Last Updated:

  • Address: 4637 Larkspur St, San Diego, CA 92107

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