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9 on Wabash 4149 Wabash Ave

9 Unit Apartment Building $2,899,000 ($322,111/Unit) 4.66% Cap Rate San Diego, CA 92104

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Investment Highlights

TURN-KEY OPPORTUNITY- Interior & Exterior Improvements
CENTRAL SAN DIEGO LOCATION - Minutes from Popular Restaurants, Bars, Nightlife & Shopping

ATTRACTIVE AMENITIES - Large Lot, Off-Street Parking, Gated Security and Laundry Room

Executive Summary

4149 Wabash is a fully renovated 9-unit multifamily property with strong rental income. Set on a generous 6,995 square foot lot, this well-maintained property offers a diverse unit mix, featuring Four Studio Units, Four 1-Bedroom/1-Bathroom Units, and One 2-Bedroom/1-Bathroom Unit. Every unit has been thoughtfully updated with modern finishes and includes in-unit laundry, enhancing tenant convenience and appeal.
With high-quality upgrades throughout, 4149 Wabash combines low-maintenance operations with strong tenant demand. Current rents provide strong cash flow, making this an excellent opportunity for investors seeking a stable, income-generating asset with minimal upkeep.

Property Facts

Price	$2,899,000	Building Class	C
Price Per Unit	$322,111	Lot Size	0.16 AC
Sale Type	Investment	Building Size	4,283 SF
Cap Rate	4.66%	Average Occupancy	100%
Gross Rent Multiplier	14.6	No. Stories	2
No. Units	9	Year Built/Renovated	1955/2023
Property Type	Multifamily	Parking Ratio	0.93/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$2,899,000
Price Per Unit	$322,111
Sale Type	Investment
Cap Rate	4.66%
Gross Rent Multiplier	14.6
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	4,283 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1955/2023
Parking Ratio	0.93/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.