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4864 Fond du Lac Ct - 4862-4868 Fond Du Lac Ct 10 Unit Apartment Building Offered at $4,547,936 CAD at a 5.42% Cap Rate San Diego, CA 92117
Investment Highlights
- 10 units across three detached buildings
- Offering a diverse mix of studio, one bedroom, and two bedroom layouts
- Prime North Clairemont location providing convenient access to Kearny Mesa, UTC, Mission Valley, and Downtown San Diego
- New construction completed in 2026
- Units feature premium finishes, stainless steel appliances, and high ceilings
- New construction units provide exemption from California’s AB 1482 rent cap provisions for 15 years following completion
Executive Summary
4862–4868 Fond Du Lac Court is a new construction 10-unit multifamily asset in North Clairemont, one of San Diego’s most centrally located and accessible residential submarkets. The property offers a balanced unit mix of (2) 2BD/1BA, (4) 1BD/1BA, and (4) studios, including (8) newly constructed units and (2) fully renovated units, delivering modern finishes and functional layouts throughout.
North Clairemont's central positioning provides direct access to I-5, I-805, SR-52, and SR-163, connecting residents to Downtown San Diego, UTC, La Jolla, Mission Valley, and the region's major employment corridors including the UTC tech cluster, healthcare institutions, and coastal job centers. Retail, dining, and neighborhood amenities round out a highly livable submarket with sustained renter demand.
For investors, the asset offers stabilized cash flow, market aligned rents, and long term upside in an established San Diego rental market. The property’s new construction, modern design, and desirable North Clairemont location position it to attract strong tenant demand and provide durable long term performance.
North Clairemont's central positioning provides direct access to I-5, I-805, SR-52, and SR-163, connecting residents to Downtown San Diego, UTC, La Jolla, Mission Valley, and the region's major employment corridors including the UTC tech cluster, healthcare institutions, and coastal job centers. Retail, dining, and neighborhood amenities round out a highly livable submarket with sustained renter demand.
For investors, the asset offers stabilized cash flow, market aligned rents, and long term upside in an established San Diego rental market. The property’s new construction, modern design, and desirable North Clairemont location position it to attract strong tenant demand and provide durable long term performance.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$370,651
|
$70.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,120
|
$2.11
|
| Effective Gross Income |
$359,531
|
$68.20
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$113,050
|
$21.44
|
| Net Operating Income |
$246,481
|
$46.75
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $370,651 |
| Annual Per SF | $70.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,120 |
| Annual Per SF | $2.11 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $359,531 |
| Annual Per SF | $68.20 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $113,050 |
| Annual Per SF | $21.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $246,481 |
| Annual Per SF | $46.75 |
Property Facts
| Price | $4,547,936 CAD | Property Type | Multifamily |
| Price Per Unit | $454,794 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.42% | Building Size | 5,272 SF |
| Gross Rent Multiplier | 12.27 | No. Stories | 2 |
| No. Units | 10 | Year Built | 2026 |
| Price | $4,547,936 CAD |
| Price Per Unit | $454,794 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 12.27 |
| No. Units | 10 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.17 AC |
| Building Size | 5,272 SF |
| No. Stories | 2 |
| Year Built | 2026 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Stainless Steel Appliances
- Walk-In Closets
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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4864 Fond du Lac Ct - 4862-4868 Fond Du Lac Ct
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