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5707 Mildred St 4 Unit Apartment Building $2,270,849 CAD ($567,712 CAD/Unit) 3.84% Cap Rate San Diego, CA 92110
Investment Highlights
- 1 on site parking space for each unit
- Each unit has a washer/dryer
Executive Summary
Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. The property is occupied by long-term tenants in month to month contracts and provides stable in-place income from day one. Value add opportunity in renovating the units.
The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity.
Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants.
This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.
The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity.
Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants.
This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.
Property Facts
| Price | $2,270,849 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $567,712 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 3.84% | Building Size | 2,436 SF |
| Gross Rent Multiplier | 18.26 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Price | $2,270,849 CAD |
| Price Per Unit | $567,712 CAD |
| Sale Type | Investment |
| Cap Rate | 3.84% |
| Gross Rent Multiplier | 18.26 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,436 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.64/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,698 CAD | 609 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 436-384-01 | Improvements Assessment | $141,256 CAD |
| Land Assessment | $108,543 CAD | Total Assessment | $249,798 CAD |
Property Taxes
Parcel Number
436-384-01
Land Assessment
$108,543 CAD
Improvements Assessment
$141,256 CAD
Total Assessment
$249,798 CAD
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Presented by
Christen Jensen, Broker
5707 Mildred St
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