4061-65 Front Street | 4061-65 Front St
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4061-65 Front Street 4061-65 Front St
5 Unit Apartment Building $1,749,000 ($349,800/Unit) 8.69% Cap Rate San Diego, CA 92103
Investment Highlights
- Complete Communities Zoning area FAR 8.0
- Development potential while collecting $12,670 in rents - 100% rented currently
- Historical Designation potential
- Neighboring property may consider selling - lot sizes combined would be 10,400 esf.
- Located near Hospital, shops, restaurants, bars
Executive Summary
Presenting a unique investment opportunity in the coveted Hillcrest Complete Community zoning area of San Diego. This versatile property features 5 distinct units, offering a blend of historical charm & modern potential. Property Features: Single Family Home: A charming 3-bedroom, 1-bathroom home built in 1932. This residence has character and so much potential, though it is in need of some loving care to restore its former glory. Duplex: Two spacious 1-bedroom units. Newly Permitted ADU Units: Two studio Accessory Dwelling Units (ADUs). The total living space across all units is 2,062 square feet, situated on a generous 5,199 square foot lot with dimensions of 40' x 130'. The property also holds significant development potential, with a Floor Area Ratio (FAR) of 8.0 allowing potential for future development. Located in the heart of Hillcrest, this property enjoys a vibrant, central location with easy access to shopping, dining, and entertainment. The area’s dynamic community and desirable amenities make this a prime spot for investment. Whether you’re looking to generate rental income, undertake a redevelopment project, or restore the existing structures, this property offers a multitude of opportunities for savvy investors.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Bay Window
- Kitchen
- High Speed Internet Access
- Tub/Shower
- Attic
- Deck
- Dining Room
- Smoke Free
Site Amenities
- 24 Hour Access
- Recycling
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $5,650 | 1,062 |
| 1+1 | 2 | $4,320 | 1,000 |
| Studios | 2 | $2,700 | 600 |
1 of 1
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 444-492-06 | Improvements Assessment | $120,537 (2024) |
| Land Assessment | $452,041 (2024) | Total Assessment | $572,578 (2024) |
PROPERTY TAXES
Parcel Number
444-492-06
Land Assessment
$452,041 (2024)
Improvements Assessment
$120,537 (2024)
Total Assessment
$572,578 (2024)
zoning
| Zoning Code | RM3-9 (RM - Located in Complete Communities Zoning area) |
| RM3-9 (RM - Located in Complete Communities Zoning area) |
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4061-65 Front Street | 4061-65 Front St
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