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4924-4926 Iroquois Ave 2,868 SF Specialty Building Offered at $3,552,010 CAD at a 4.81% Cap Rate in San Diego, CA 92117

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Investment Highlights

  • Newly Renovated
  • Fully Occupied

Executive Summary

Wonderful 4-unit property in the Bay Park area. All 4 units are turnkey and fully occupied. Property consists of 3 -2 bed/1 bath homes and 1 - 1 bed/1 bath home. All have private yards and all renovated in 2022. All kitchen and baths come with quartz counter tops, stainless steel appliances, LVP flooring throughout. All 4 come with their own in unit washer & dryers. All 4 units are individually metered for Gas & Electric. Front building consists of 2 matching units (2 bed/1 bath) and the middle unit is a converted garage to the 1 bed/1 bath unit. The back building was added a few years ago with a downstairs garage with two separate 1 car garages and upstairs is a 2 bed/1 bath unit with a panoramic view of Mission Bay and the ocean. The tenants in the upstairs unit get the use of one of the 1 car garages and one unit in the front gets the use of the other 1 car garage and driveway. One water bill for the property. All tenants pay an additional $45 per month for water bill which averages about $400 every other month.
Breakdown of Units
4924 - 2bed/1 bath - 808 sq ft - $3395 - Current rent - Comes with 1 garage space
4926 - 2 bed/1 bath - 808 sq ft - $3150 - Current rent
4928 - 1 bed/1 bath - 484 sq ft - $2450 - Current rent
4930 - 2 bed/1 bath - 768 sq ft - $3595 - Current rent - Detached unit above garage - Comes with 1 garage space

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $206,687 $72.07
Other Income - -
Vacancy Loss - -
Effective Gross Income $206,687 $72.07
Taxes $41,064 $14.32
Operating Expenses $35,923 $12.53
Total Expenses $76,986 $26.84
Net Operating Income $129,701 $45.22

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $206,687
Annual Per SF $72.07
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $206,687
Annual Per SF $72.07
Taxes (CAD)
Annual $41,064
Annual Per SF $14.32
Operating Expenses (CAD)
Annual $35,923
Annual Per SF $12.53
Total Expenses (CAD)
Annual $76,986
Annual Per SF $26.84
Net Operating Income (CAD)
Annual $129,701
Annual Per SF $45.22

Property Facts

Price $3,552,010 CAD
Price Per SF $1,238.50 CAD
Sale Type Investment
Cap Rate 4.81%
Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Apartments
Building Class C
Lot Size 0.18 AC
Building Size 2,868 SF
No. Stories 2
Year Built 1953
Parking Ratio 1.39/1,000 SF
Zoning RM-1-1 - Multi-Family
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
425-760-20
Land Assessment
$2,549,090 CAD
Improvements Assessment
$708,081 CAD
Total Assessment
$3,257,171 CAD
Annual Taxes
$41,064 CAD ($14.32 CAD/SF)
Tax Year
2025
  • Listing ID: 39419071

  • Date on Market: 2026-02-12

  • Last Updated:

  • Address: 4924-4926 Iroquois Ave, San Diego, CA 92117

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