4232 Sharron PL | 4232 Sharron Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4232 Sharron PL 4232 Sharron Pl
7 Unit Apartment Building $1,250,000 ($178,571/Unit) 11.60% Cap Rate San Diego, CA 92115
INVESTMENT HIGHLIGHTS
- Very close proximity to SDSU for student housing
- Walking to distance to Crawford Highschool and Mann Middle School
EXECUTIVE SUMMARY
4 Unit Development Opportunity! 7 Units Total... 4232 Sharron Pl is a rare investment opportunity in the heart of San Diego. This property sits on a generous 7,700-square-foot lot and offers three existing income-producing units that were newly renovated. This property also comes with approved permits to build four additional 2-bedroom, 2-bathroom units at 717sf. Lender has appraised the completion of the development at 3.3M-3.5M. This property is a perfect fit for developers, investors, or owner-occupants seeking value-add opportunities in a high-demand market. The existing units have all been recently renovated which includes a new roof, all new modern appliances, luxury vinyl tile flooring, new countertops, bathroom fixtures, windows and landscaping. The main house is 3B/2B at 955sf and offers an open floor plan with spacious bathrooms. The other two units are identical studios (not permitted) at 285sf that are fully equipped with an electric stove top, full size shower, and in unit laundry. Draft plans for submission to the city to permit the studios come with the purchase. In total the units collect $6600/month. The location of this property is central to San Diego and is only 15 min to downtown. The property is also conveniently located right next to Crawford Highschool and Mann Middle School. There is TONS of open street parking down the street by the school for the extra units to be built.
Use the following link to access all affiliated documents such as the after completion appraisal value, building plans, photo/video, and full proforma.
https://drive.google.com/drive/folders/1Dg6Uv6nrazRfMHr2-dpFmHAlpSTex0pu?usp=drive_link
Listing Agent has interest in property
Use the following link to access all affiliated documents such as the after completion appraisal value, building plans, photo/video, and full proforma.
https://drive.google.com/drive/folders/1Dg6Uv6nrazRfMHr2-dpFmHAlpSTex0pu?usp=drive_link
Listing Agent has interest in property
DATA ROOM Click Here to Access
- Operating and Financials
- Third Party Reports
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$213,000
|
$48.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,390
|
$1.45
|
| Effective Gross Income |
$206,610
|
$46.96
|
| Taxes |
$25,000
|
$5.68
|
| Operating Expenses |
$32,415
|
$7.37
|
| Total Expenses |
$57,415
|
$13.05
|
| Net Operating Income |
$149,195
|
$33.91
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $213,000 |
| Annual Per SF | $48.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,390 |
| Annual Per SF | $1.45 |
| Effective Gross Income | |
|---|---|
| Annual | $206,610 |
| Annual Per SF | $46.96 |
| Taxes | |
|---|---|
| Annual | $25,000 |
| Annual Per SF | $5.68 |
| Operating Expenses | |
|---|---|
| Annual | $32,415 |
| Annual Per SF | $7.37 |
| Total Expenses | |
|---|---|
| Annual | $57,415 |
| Annual Per SF | $13.05 |
| Net Operating Income | |
|---|---|
| Annual | $149,195 |
| Annual Per SF | $33.91 |
PROPERTY FACTS
| Price | $1,250,000 | Property Subtype | Apartment |
| Price Per Unit | $178,571 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 11.60% | Construction Status | Proposed |
| No. Units | 7 | Building Size | 4,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Price | $1,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 11.60% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 4,400 SF |
| No. Stories | 2 |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,500 | - |
| 2+2 | 4 | $2,800 | 717 |
| 3+2 | 1 | $3,600 | 952 |
1 of 1
Walk Score®
Very Walkable (72)
ZONING
| Zoning Code | RS-1-7 (The zoning is RS-1-7 in the city of San Diego.) |
| RS-1-7 (The zoning is RS-1-7 in the city of San Diego.) |
1 of 20
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4232 Sharron PL | 4232 Sharron Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.