4149 Wabash AveSan Diego, CA 92104

Property Details for 4149 Wabash Ave

Year built

1955

Lot size

0.16 AC

Property size (Sq ft)

3,283 SF

Zone code

R-3:RESTRICTED MULTIPLE

Property type

Apartment buildings

APN

447-572-07-00

APU

4475720700

Description

This fully renovated 9-unit apartment building in San Diego, CA (4149 Wabash Ave, 92104) presents a compelling investment opportunity. The property, built in 1955, comprises two 2-story buildings totaling 4,283 square feet on a 6,995 square foot lot. The unit mix includes four studios, four one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit, all featuring modern finishes and in-unit laundry. The property boasts a strong current NOI of $136,361, representing a 4.70% cap rate, with a pro-forma NOI of $161,911 and a pro-forma cap rate of 5.59%. The asking price is $2,899,000, translating to $322,111 per unit and $676.86 per square foot. Low-maintenance operations and high tenant demand contribute to the property's strong cash flow, making it an ideal asset for investors seeking minimal upkeep and stable income generation. The property's APN is 447-572-07-00.

• CAP approach

  CAP return

  Valuation

  6%

  $853,330

  6.5%

  $787,690

  7%

  $731,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $823,566

  Geo Method

  $1,791,052

• Alternative Use

  Use

  Valuation

  Residential

  $787,690

  Hospitality

  $721,520

  Educational

  $600,296

  Medical

  $620,941

  Retail

  $933,793

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7525

Longitude

-117.121

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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