Share This Listing

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

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

Executive Summary

Dont Miss this Low maintenance ' bread n butter' coastal acquisition opportunity ripe with value add strategies for investors and owner occupants alike. 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. Both units have fenced yards and access from either Larkspur or the alley.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $98,773 $98.77
Other Income - -
Vacancy Loss - -
Effective Gross Income $98,773 $98.77
Taxes $20,505 $20.51
Operating Expenses $8,510 $8.51
Total Expenses $29,015 $29.02
Net Operating Income $69,758 $69.76

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $98,773
Annual Per SF $98.77
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $98,773
Annual Per SF $98.77
Taxes (CAD)
Annual $20,505
Annual Per SF $20.51
Operating Expenses (CAD)
Annual $8,510
Annual Per SF $8.51
Total Expenses (CAD)
Annual $29,015
Annual Per SF $29.02
Net Operating Income (CAD)
Annual $69,758
Annual Per SF $69.76

Property Facts

Price $1,499,732 CAD
Price Per Unit $749,866 CAD
Sale Type Investment
Cap Rate 4.69%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 16.5
No. Units 2
Property Type Multifamily
Property Subtype Apartment
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 $3,906 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
$145,881 CAD
Improvements Assessment
$154,622 CAD
Total Assessment
$300,502 CAD
Annual Taxes
$20,505 CAD ($20.51 CAD/SF)
Tax Year
2026
  • Listing ID: 41012954

  • Date on Market: 2026-06-22

  • Last Updated:

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

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}