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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 $210,570 $73.42
Other Income - -
Vacancy Loss - -
Effective Gross Income $210,570 $73.42
Taxes $41,835 $14.59
Operating Expenses $36,597 $12.76
Total Expenses $78,432 $27.35
Net Operating Income $132,137 $46.07

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $210,570
Annual Per SF $73.42
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $210,570
Annual Per SF $73.42
Taxes (CAD)
Annual $41,835
Annual Per SF $14.59
Operating Expenses (CAD)
Annual $36,597
Annual Per SF $12.76
Total Expenses (CAD)
Annual $78,432
Annual Per SF $27.35
Net Operating Income (CAD)
Annual $132,137
Annual Per SF $46.07

Property Facts

Price $3,618,728 CAD
Price Per SF $1,261.76 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
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
425-760-20
Land Assessment
$2,611,508 CAD
Improvements Assessment
$725,419 CAD
Total Assessment
$3,336,927 CAD
Annual Taxes
$41,835 CAD ($14.59 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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