4526 Haines St 3 Unit Apartment Building $1,700,000 ($566,667/Unit) 3.17% Cap Rate San Diego, CA 92109
INVESTMENT HIGHLIGHTS
- 2 single car garages
- Great Location
- Renovated 2 bedroom 1 bath
EXECUTIVE SUMMARY
Triplex in Pacific Beach – Strong Income-Generating with ADU Potential!
Welcome to 4526 Haines St., San Diego, CA, a rare investment opportunity in a quiet, highly desirable section of Pacific Beach! This well-maintained triplex offers strong rental income with significant upside and future expansion potential.
Unit Breakdown:
Ground Floor: Spacious 2 bed, 1 bath unit
Second Floor: Two 1 bed, 1 bath units
Parking: Two single-car garages, convertible to an ADU for added income
Current Gross Income: $91,200/year with room for increases List Price: $1,700,000
Perfect for investors, house-hackers, or multi-generational living, this property is positioned for long-term appreciation in one of San Diego’s most sought-after coastal neighborhoods.
Welcome to 4526 Haines St., San Diego, CA, a rare investment opportunity in a quiet, highly desirable section of Pacific Beach! This well-maintained triplex offers strong rental income with significant upside and future expansion potential.
Unit Breakdown:
Ground Floor: Spacious 2 bed, 1 bath unit
Second Floor: Two 1 bed, 1 bath units
Parking: Two single-car garages, convertible to an ADU for added income
Current Gross Income: $91,200/year with room for increases List Price: $1,700,000
Perfect for investors, house-hackers, or multi-generational living, this property is positioned for long-term appreciation in one of San Diego’s most sought-after coastal neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$91,200
|
$46.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,824
|
$0.93
|
| Effective Gross Income |
$89,376
|
$45.79
|
| Taxes |
$20,910
|
$10.71
|
| Operating Expenses |
$14,537
|
$7.45
|
| Total Expenses |
$35,447
|
$18.16
|
| Net Operating Income |
$53,929
|
$27.63
|
PROPERTY FACTS
| Price | $1,700,000 |
| Price Per Unit | $566,667 |
| Sale Type | Investment |
| Cap Rate | 3.17% |
| Gross Rent Multiplier | 18.6 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.05/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,200 | - |
| 2+1 | 1 | $3,200 | - |
1 of 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 423-091-11 | Total Assessment | $1,456,560 |
| Land Assessment | $1,269,288 | Annual Taxes | $20,910 ($10.71/SF) |
| Improvements Assessment | $187,272 | Tax Year | 2024 |
ZONING
| Zoning Code | RM 2-5 |
