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Investment Highlights

  • Fantastic Location in One of San Diego’s Strongest Rental Markets
  • WalkScore (87) Less Than One Mile to University of San Diego Campus
  • Well-Maintained / High Income Property
  • Incredible Unit Mix: All 3Bedroom 1,000sf+ Units
  • Renovated Interiors + Roof Top Deck
  • Additionally the owner has plans to add three (3) units available upon request

Executive Summary

The Apartment Homes on Lauretta uniquely offers an amazing location and an incredible unit mix. The Property consists of two (2) 3Bedroom / 2Bathroom 1,040sf units and one (1) 3Bedroom / 3Bathroom 1,248sf unit, and is situated on a 5,617sf parcel. Tenant Amenities include in-unit laundry, ample off street parking spots (7), a roof top deck, and an 87 Walkscore. Conveniently located in Morena, the University of San Diego is less than one mile away.
This well-maintained and upgraded property is the perfect opportunity for an investor looking for a unique multifamily asset with high income or an owner-occupant looking for extra income to cover the mortgage. Additionally the owner has plans to add three (3) units available upon request.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $213,843 $60.80
Other Income $1,246 $0.35
Vacancy Loss $6,453 $1.83
Effective Gross Income $208,636 $59.32
Taxes - -
Operating Expenses - -
Total Expenses $62,093 $17.66
Net Operating Income $146,543 $41.67

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $213,843
Annual Per SF $60.80
Other Income (CAD)
Annual $1,246
Annual Per SF $0.35
Vacancy Loss (CAD)
Annual $6,453
Annual Per SF $1.83
Effective Gross Income (CAD)
Annual $208,636
Annual Per SF $59.32
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $62,093
Annual Per SF $17.66
Net Operating Income (CAD)
Annual $146,543
Annual Per SF $41.67

Property Facts

Price $3,663,227 CAD
Price Per Unit $1,221,076 CAD
Sale Type Investment
Cap Rate 4%
Gross Rent Multiplier 17.05
No. Units 3
Property Type
Multifamily
  • Multifamily Dormitory
Lot Size 0.13 AC
Building Size 3,517 SF
No. Stories 2
Year Built 1975
Parking Ratio 1.99/1,000 SF
Zoning RM-3-7

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 $5,529 CAD 1,049
3+3 1 $6,739 CAD 1,289
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
  • Listing ID: 40095870

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 5411 Lauretta St, San Diego, CA 92110

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