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4921-23 Gary St, San Diego, CA 92115 4921 Gary St 2 Unit Apartment Building $1,944,742 CAD ($972,371 CAD/Unit) 4.75% Cap Rate San Diego, CA 92115
Investment Highlights
- 5BD/2BA and 1BD/1BA layout diversifies income and reduces vacancy risk.
- Generates $8,340/month in combined rental income across two units.
- Turnkey duplex with zero deferred maintenance, ready for immediate cash flow.
Executive Summary
4921-23 Gary St is a brand-new construction duplex in the heart of the SDSU rental community, offering a rare turnkey investment opportunity. The property features a spacious 5BD/2BA unit alongside a 1BD/1BA unit, generating $8,340/month in combined rental income in one of San Diego's most consistently in-demand rental markets. Both units offer beautiful, brand-new interiors with zero deferred maintenance, giving new ownership immediate cash flow from day one. Driveway parking adds valuable convenience in a submarket where off-street parking is highly sought after. Ideally positioned near SDSU, transit, and neighborhood retail, this asset offers strong leasing velocity, and long-term rental stability.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$140,523
|
$98.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,976
|
$4.89
|
| Effective Gross Income |
$133,547
|
$93.59
|
| Taxes |
$24,310
|
$17.04
|
| Operating Expenses |
$15,954
|
$11.18
|
| Total Expenses |
$40,264
|
$28.22
|
| Net Operating Income |
$93,283
|
$65.37
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $140,523 |
| Annual Per SF | $98.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,976 |
| Annual Per SF | $4.89 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $133,547 |
| Annual Per SF | $93.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,310 |
| Annual Per SF | $17.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,954 |
| Annual Per SF | $11.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,264 |
| Annual Per SF | $28.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $93,283 |
| Annual Per SF | $65.37 |
Property Facts
| Price | $1,944,742 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $972,371 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.75% | Building Size | 1,427 SF |
| Gross Rent Multiplier | 13.9 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2026 |
| Property Subtype | Apartment | ||
| Zoning | RS-1-7 - Single Family Residential | ||
| Price | $1,944,742 CAD |
| Price Per Unit | $972,371 CAD |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 13.9 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,427 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2026 |
| Zoning | RS-1-7 - Single Family Residential |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Awning
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
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4921-23 Gary St, San Diego, CA 92115 | 4921 Gary St
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