335-39 San Elijo St
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335-39 San Elijo St
3 Unit Apartment Building $2,495,000 ($831,667/Unit) 2.17% Cap Rate San Diego, CA 92106
Investment Highlights
- *RARE* Opportunity to own in "La Playa", one of San Diego's most exclusive communities
- Just Minutes from the San Diego Yacht Club
- Low maintenance and Extremely Easy to Lease / Self Manage
- 2 Blocks from La Playa Beach
- R-4 Zoning
Executive Summary
We are proud to present for sale, an extremely rare opportunity to own a property in one of the most coveted locations in all of San Diego. Sitting just blocks from the bay, 335-39 San Elijo St is comprised of 3 Units. These units consist of a 3 bedroom, 2 bath, a 1 bedroom, 1 bath and a studio. The studio has stunning views of the bay. Additionally, the property is zoned R-4 so there is value add potential.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,495,000 | Apartment Style | Single Family Home |
| Price Per Unit | $831,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,268 SF |
| Cap Rate | 2.17% | Average Occupancy | 100% |
| Gross Rent Multiplier | 26.4 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 2.65/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,495,000 |
| Price Per Unit | $831,667 |
| Sale Type | Investment |
| Cap Rate | 2.17% |
| Gross Rent Multiplier | 26.4 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.11 AC |
| Building Size | 2,268 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.65/1,000 SF |
Unit Amenities
- Balcony
- Fireplace
- Deck
- Patio
Site Amenities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,300 | - |
| 1+1 | 1 | $2,400 | - |
| 3+2 | 1 | $3,200 | - |
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PROPERTY TAXES
| Parcel Number | 532-496-05 | Total Assessment | $1,503,142 (2024) |
| Land Assessment | $1,257,176 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $245,966 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
532-496-05
Land Assessment
$1,257,176 (2024)
Improvements Assessment
$245,966 (2024)
Total Assessment
$1,503,142 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R-4 |
| R-4 |
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335-39 San Elijo St
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