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5035 Saratoga Ave 12 Unit Apartment Building $6,630,620 CAD ($552,552 CAD/Unit) 3.95% Cap Rate San Diego, CA 92107
EXECUTIVE SUMMARY
Originally constructed in 1957, this well-located community offers a mix of one-bedroom and two-bedroom units. The unit interiors and finishes have not been upgraded, allowing an investor to complete renovations and achieve substantially higher rents. The property features secured entry, community laundry facilities and a private courtyard with an outdoor shower.
With a walk score of 93, 5035 Saratoga Avenue is located just steps away from the beautiful beach and surrounded by abundant eateries, shopping and attractions, all walking distance from the property.
With a walk score of 93, 5035 Saratoga Avenue is located just steps away from the beautiful beach and surrounded by abundant eateries, shopping and attractions, all walking distance from the property.
PROPERTY FACTS
| Price | $6,630,620 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $552,552 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.95% | Building Size | 6,912 SF |
| Gross Rent Multiplier | 14.8 | Average Occupancy | 97% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | R175, San Diego | ||
| Price | $6,630,620 CAD |
| Price Per Unit | $552,552 CAD |
| Sale Type | Investment |
| Cap Rate | 3.95% |
| Gross Rent Multiplier | 14.8 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R175, San Diego |
AMENITIES
UNIT AMENITIES
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,944 CAD | 500 |
| 2+1 | 4 | $3,350 CAD | 725 |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 448-091-11 | Improvements Assessment | $590,043 CAD |
| Land Assessment | $1,622,644 CAD | Total Assessment | $2,212,686 CAD |
PROPERTY TAXES
Parcel Number
448-091-11
Land Assessment
$1,622,644 CAD
Improvements Assessment
$590,043 CAD
Total Assessment
$2,212,686 CAD
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5035 Saratoga Ave
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