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23251014
29671991

4162 Arizona Street, San Diego, CA 92104 For Sale

BS
CA CA 02062416
Marcus & Millichap - Downtown San Diego
RC
CA CA 01297138
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego
$4,150,000
440 days on market
Updated 9 days ago

4162 Arizona Street

Details
APN 445-531-24-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,326
Net Rentable (SqFt) 5,326
Units 11
Cap Rate 5.29%
NOI $219,695
Occupancy 97%
Pro-Forma Cap Rate 5.53%
Pro-Forma NOI $229,654
Price per SqFt $779
Class B
Year Built 1987
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.130
Zoning RM-3-7
Parking Spaces 9 spaces
Parking per 1,000 SqFt 1.69
Investment Type Stabilized
Ownership Fee Simple

North Park | 11 Units | 5.22% CURRENT Cap Rate

Marketing description

Presenting 4162 Arizona Street located in San Diego, California. Built in 1987 and completely renovated in 2025 including adding 5 units, this 11 unit complex is centrally located in the highly desirable neighborhood of North Park and boasts a walk score of 93. The building totals 5,326 square feet and rests on a 5,590 square foot lot. The unit mix consists of (4) two bedroom / two bathrooms, (2) one bedroom/ one baths, and (5) studios. All existing units, newly constructed units, the common spaces, and the exterior have been finished with custom design additions and finishes to appease the target rental market. Additionally there is a well designed common laundry room and parking for 9 cars. Centrally located in North Park close to El Cajon Blvd, University Ave, and Texas St, the property is walking distance to all North Park has to offer and enjoys easy drivability as well. 4162 Arizona Street present investors with the opportunity to acquire a turnkey trophy property well positioned for future cash flow and appreciation in the popular urban neighborhood of North Park.

Investment highlights

  • Current Cap Rate 5.22%
  • Central North Park Location
  • Well Balanced Unit Mix of 2 Bedrooms, 1 Bedrooms and Studios
  • Off-Street Parking for (9) Cars - (2) Tandem Spaces, (5) Single Spaces
  • Built in 1987 and Extensively Renovated in 2025
  • Pitched Roof
  • Implemented Utility Bill Back for Water & Trash
  • All Units Achieving Stabilized Market Rent
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Listing Contacts

BS
CA CA 02062416
Marcus & Millichap - Downtown San Diego
RC
CA CA 01297138
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,695.00
$18,307.92/mo

Valuation Metrics

0
DSCR
5.29%
Cap Rate
5.29%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Ben Sierpina
License
CA 02062416
Brokerage Phone
(858) 373-3215
Name
Raymond Choi
License
CA 01297138
Brokerage Phone
858-373-3136
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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