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5738 Meade Ave 3 Unit Apartment Building $1,892,269 CAD ($630,756 CAD/Unit) 5.99% Cap Rate San Diego, CA 92115
Investment Highlights
- Owner occupied or investor opportunity.
- Good mix of units.
- Great location and strong rents.
Executive Summary
Excellent opportunity for an investor or owner-occupant to acquire a prime multi-family property in the highly desirable College Area, conveniently located near shopping, schools, and major freeways. This well-maintained and recently renovated property offers three separate living spaces, including a spacious four-bedroom, two-bathroom unit, a comfortable two-bedroom, one-bathroom unit, and a functional studio ideal for generating additional rental income. The property also features a two-car garage and has been thoughtfully updated, making it move-in ready and easy to lease. This is an outstanding opportunity for investors seeking a stable, income-producing asset or for an owner-occupant looking to offset living expenses with rental income. Do not disturb occupants. Shown with accepted offer.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$150,956
|
$49.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,956
|
$49.51
|
| Taxes |
$23,675
|
$7.76
|
| Operating Expenses |
$13,870
|
$4.55
|
| Total Expenses |
$37,545
|
$12.31
|
| Net Operating Income |
$113,411
|
$37.20
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $150,956 |
| Annual Per SF | $49.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,956 |
| Annual Per SF | $49.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,675 |
| Annual Per SF | $7.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,870 |
| Annual Per SF | $4.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,545 |
| Annual Per SF | $12.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,411 |
| Annual Per SF | $37.20 |
Property Facts
| Price | $1,892,269 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $630,756 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.99% | Building Size | 3,049 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Zoning | RS-1-7 | ||
| Price | $1,892,269 CAD |
| Price Per Unit | $630,756 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,049 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | RS-1-7 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,516 CAD | - |
| 2+1 | 1 | $3,969 CAD | - |
| 4+2 | 1 | $5,953 CAD | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 472-092-13 | Total Assessment | $1,256,193 CAD (2025) |
| Land Assessment | $614,140 CAD (2025) | Annual Taxes | $23,675 CAD ($7.76 CAD/SF) |
| Improvements Assessment | $642,053 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
472-092-13
Land Assessment
$614,140 CAD (2025)
Improvements Assessment
$642,053 CAD (2025)
Total Assessment
$1,256,193 CAD (2025)
Annual Taxes
$23,675 CAD ($7.76 CAD/SF)
Tax Year
2026
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5738 Meade Ave
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