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4-Units Pacific Beach, 2.5 Blocks to Sand 935 Chalcedony St 4 Unit Apartment Building $3,472,292 CAD ($868,073 CAD/Unit) 3.26% Cap Rate San Diego, CA 92109
Investment Highlights
- Irreplaceable Coastal Real Estate - Just 2.5 Blocks to the Beach
- Front House: 2Bdrm/1Bath w/ Driveway & Front Yard
- Ample Onsite Parking (8 Parking Spaces)
- Fantastic Unit Mix: All 2Bdrm Units
- Rear Triplex: (2) 2Bdrm/1Bath Units & (1) 2Bdrm/1.5Bath Townhome Unit
- Well Maintained Property with Over 45% Upside in Rental Income
Executive Summary
Located in Pacific Beach, one of San Diego’s most desirable beach communities, this 4-Unit offering presents investor with an amazing value-add opportunity. This well maintained 4-Unit apartment complex boasts walkability to the beach and everything Pacific Beach has to offer.
A 2Bedroom/1Bathroom house sits at the front of the property, featuring its own private front yard and driveway parking. The rear building consists of (2) 2Bedoom/1Bath Units and (1) 2Bedroom/1.5Bath Townhome Unit. There is ample onsite parking with two (2) spaces in the front and six (6) spaces in the rear. The property is less than three blocks from the beach and is located in one of San Diego's best coastal towns and strongest rental markets.
The front house was built in 1942 and the rear triplex was built in 1978, the front house has its own separate water meter.
A 2Bedroom/1Bathroom house sits at the front of the property, featuring its own private front yard and driveway parking. The rear building consists of (2) 2Bedoom/1Bath Units and (1) 2Bedroom/1.5Bath Townhome Unit. There is ample onsite parking with two (2) spaces in the front and six (6) spaces in the rear. The property is less than three blocks from the beach and is located in one of San Diego's best coastal towns and strongest rental markets.
The front house was built in 1942 and the rear triplex was built in 1978, the front house has its own separate water meter.
Property Facts
| Price | $3,472,292 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $868,073 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.26% | Building Size | 3,600 SF |
| Gross Rent Multiplier | 19.16 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1942/1978 |
| Property Type | Multifamily | Parking Ratio | 2.22/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1-1 - Residential Multifamily | ||
| Price | $3,472,292 CAD |
| Price Per Unit | $868,073 CAD |
| Sale Type | Investment |
| Cap Rate | 3.26% |
| Gross Rent Multiplier | 19.16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1942/1978 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | RM-1-1 - Residential Multifamily |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $3,618 CAD | 800 |
| 2+1.5 | 1 | $3,688 CAD | 1,200 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 415-541-06 | Improvements Assessment | $432,049 CAD |
| Land Assessment | $362,540 CAD | Total Assessment | $794,589 CAD |
Property Taxes
Parcel Number
415-541-06
Land Assessment
$362,540 CAD
Improvements Assessment
$432,049 CAD
Total Assessment
$794,589 CAD
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4-Units Pacific Beach, 2.5 Blocks to Sand | 935 Chalcedony St
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