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4073 Gresham St
San Diego, CA 92109 Pacific Beach

$3,495,000 USD

Apartments For Sale • 4,528 SF

Property Details

Property Type Apartments
Total Building Size 4,528 SF
Lot Size 0.13 AC
Building Class C
Year Built 1969
Cap Rate 3.38 %
Zoning RM-2-5

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Superb Location within Pacific Beach, in the coveted Crown Point area, just 1.5 blocks from Sail Bay and Fanuel Park!
                            
                                Fully Modernized, Turnkey Property with In-Unit Washer Dryers, Stainless Steel Appliance Packages, Stone Countertops, New Cabinetry
                            
                                Dual Pane Vinyl Windows, Vinyl Plank Flooring, Private Patios in 4 of the 5 Units
                            
                                Separately Metered for Electricity (Master Metered for Gas, Water/Sewer), Low Maintenance Landscaping
                            
                                Five (5) Tandem Off-Street Parking Spaces (10 Total Spaces), Large Outdoor Storage/BBQ area at rear of property
                            
                                Phenomenal Location Meets Well Upgraded Apartments - Well Suited for Long-Term; Mid-Term; or Short-Term Rentals, for Accelerated Revenue Growth

Financial Summary (Actual)

Net Operating Income: $118,300 USD (2026)

Cap Rate:	3.38 %
Total Expenses:	$70,942 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	10 min	-	5.0 mi
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	14 min	-	7.6 mi
Airport	Drive	Walk	Distance
San Diego International	11 min	-	6.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Joseph Burrough 858-352-6742 Palma Commercial

4073 Gresham St San Diego, CA 92109 Pacific Beach