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"The Carl" Newer Construction Near USD 5548 Riley St 8 Unit Apartment Building $6,364,180 CAD ($795,522 CAD/Unit) 5% Cap Rate San Diego, CA 92110
Investment Highlights
- New Construction (2020) - Exempt from AB-1482
- Excellent Unit Mix – 3 Bedroom & 2 Bedroom Units
- Near Mission Bay, SeaWorld and Beaches
- Adjacent to the University of San Diego
- In-Unit Washer/Dryer
- Walking Distance to Trolley, Shops & University (WalkScore of 81)
Executive Summary
**8-Units , New Construction (2020), Adjacent to the University of San Diego** • In-Place 5% Cap Rate (13.41 GRM) • Exempt from AB-1482 (Rent Control) • Rare West Mission Valley /Fashion Valley Offering • Near Mission Bay, SeaWorld and Beaches • In-Unit Washer/Dryer • Contemporary Design and Finishes • Outdoor Rooftop Deck w/ Views • Secured Entry & Smart Home Technology • Excellent Unit Mix: 3Bedroom & 2Bedroom Units • High Demand Rental Market • Easy Access to Local Services and Major Freeways • Walking Distance to Trolley, Shops & University (WalkScore of 81)
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$474,674
|
$68.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,240
|
$2.06
|
| Effective Gross Income |
$460,434
|
$66.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$142,080
|
$20.51
|
| Net Operating Income |
$318,354
|
$45.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $474,674 |
| Annual Per SF | $68.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,240 |
| Annual Per SF | $2.06 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $460,434 |
| Annual Per SF | $66.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $142,080 |
| Annual Per SF | $20.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $318,354 |
| Annual Per SF | $45.97 |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Stainless Steel Appliances
- Deck
Site Amenities
- Furnished Units Available
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $4,273 CAD | 703 |
| 3+2 | 5 | $4,954 CAD | 1,032 - 1,230 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 436-552-22 | Improvements Assessment | $1,709,578 CAD |
| Land Assessment | $777,791 CAD | Total Assessment | $2,487,368 CAD |
Property Taxes
Parcel Number
436-552-22
Land Assessment
$777,791 CAD
Improvements Assessment
$1,709,578 CAD
Total Assessment
$2,487,368 CAD
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"The Carl" Newer Construction Near USD | 5548 Riley St
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