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5280 Manhasset Dr 3 Unit Apartment Building $3,413,160 CAD ($1,137,720 CAD/Unit) 6.10% Cap Rate San Diego, CA 92115
Investment Highlights
- Large Three 4Br/2Ba Units
- Short Walk to SDSU & Campus Sports Field
- Leased through 2026-2027 School Year
- 6.1% on Actuals
- 12 Off Street Parking Permits for Tenants
Executive Summary
Turn Key construction student rental property leased through August 2027 for $17,050 per month at a 6.1% WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 4bed/2ba, ADUs in back are 4bed/2ba and a 4bed/2ba. All market rate no deed restrictions! Located on one of the prime streets short walk to the SDSU campus & campus sports fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. Tenants get 12 street parking permits (4 per address). In unit washer dryers in each unit.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,413,160 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $1,137,720 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.10% | Building Size | 3,700 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | RS-1-7 - Residential | ||
| Price | $3,413,160 CAD |
| Price Per Unit | $1,137,720 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | RS-1-7 - Residential |
Amenities
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 462-202-09 | Total Assessment | $1,394,604 CAD |
| Land Assessment | $851,413 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $543,192 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
462-202-09
Land Assessment
$851,413 CAD
Improvements Assessment
$543,192 CAD
Total Assessment
$1,394,604 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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5280 Manhasset Dr
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