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6.5% CAP Rate in Downtown SD 830 Park Blvd 24 Unit Apartment Building $6,937,227 CAD ($289,051 CAD/Unit) 6.50% Cap Rate San Diego, CA 92101
Investment Highlights
- Located in Downtown San Diego
- $206,250/unit + 6.5% CAP Rate
- Value-Add Opportunity w/ 20% Upside in Rental Income
- Low Price/Unit + High CAP Rate Property
- Common Area Rooftop Lounge
- (99) Walkscore Nearby Shops, Restaurants, Transit and Petco Park
Executive Summary
The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units. Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore).
Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.
Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $6,937,227 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $289,051 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.50% | Building Size | 11,535 SF |
| Gross Rent Multiplier | 9.56 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2018 |
| Property Subtype | Apartment | ||
| Zoning | CCPD-RE | ||
| Price | $6,937,227 CAD |
| Price Per Unit | $289,051 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 9.56 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,535 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2018 |
| Zoning | CCPD-RE |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
- Instant Hot Water
- Smoke Free
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Security System
- Furnished Units Available
- Grill
- Recycling
- Smoke Free
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | $2,517 CAD | 450 |
| 1+1 | 6 | $2,517 CAD | 550 |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 534-334-07 | Improvements Assessment | $2,212,816 CAD (2026) |
| Land Assessment | $3,436,059 CAD (2026) | Total Assessment | $5,648,875 CAD (2026) |
Property Taxes
Parcel Number
534-334-07
Land Assessment
$3,436,059 CAD (2026)
Improvements Assessment
$2,212,816 CAD (2026)
Total Assessment
$5,648,875 CAD (2026)
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6.5% CAP Rate in Downtown SD | 830 Park Blvd
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