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3736 Jemez Dr

12 Unit Apartment Building $3,150,000 ($262,500/Unit) 2.41% Cap Rate San Diego, CA 92117

Investment Highlights

  • Walkable, well located, low maintenance building
  • 7430 Rentable Square Feet
  • Sufficiently Parked with 1 parking spot per unit

Executive Summary

This well-located 12-unit apartment building offers a fantastic opportunity for investors or owner-operators looking to add value in one of San Diego’s most desirable neighborhoods. The two-story, wood-frame building features spacious units and convenient parking for each resident. While the interior finishes may benefit from some modernization, this provides the perfect canvas for renovations—whether that’s adding in-unit laundry, upgrading kitchens, or installing recessed lighting or more.
The property is just steps away from a variety of local amenities including a movie theater, yoga studio,
bars, and restaurants, offering residents exceptional walkability. Plus, with quick access to the beaches of La Jolla, the 5 Freeway, and other major attractions, this location combines the best of convenience and coastal living. Don’t miss this opportunity to own prime and rare piece of real estate in Clairemont, where demand is strong and the potential for future growth is high.

Attachments

3736 Jemez OM

Financial Summary (Actual - 2024) 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 - 2024) 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 $3,150,000
Price Per Unit $262,500
Sale Type Investment
Cap Rate 2.41%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.22 AC
Building Size 9,544 SF
Average Occupancy 100%
No. Stories 2
Year Built 1976

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - -
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
360-421-08
Land Assessment
$61,804
Improvements Assessment
$248,899
Total Assessment
$310,703
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code RM-3-7
RM-3-7
  • Listing ID: 34418126

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 3736 Jemez Dr, San Diego, CA 92117

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