Listed by Marcus & Millichap - San Diego
$2,395,000
4121 Utah Street
Details
APN 4463021300
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,793
Net Rentable (SqFt) 2,793
Units 6
Cap Rate 4.51%
NOI $108,014
Price per SqFt $858
Year Built 2025
Buildings 3
Stories 2
Multifamily | 6 Units | $399,167/unit
Marketing description
We are pleased to present 4121 Utah Street - a unique investment opportunity with a highly coveted unit mix in one of San Diego’s most vibrant neighborhoods. Nestled in North Park, this newly constructed asset prides itself as a “Walker’s Paradise” and it’s convenient location to employment hubs and attractions has renters racing to call it home. Appealing to a diverse range of tenants, the unit mix features five (5) one-bedroom / one-bathroom units ranging from 416 square feet to 445 square feet and one single-story (1) two-bedroom / one-bathroom units totaling at 684 square feet. The total rentable square footage is 2,793 square feet. The property is approximately 0.9 miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase a recently constructed luxury asset in North Park, one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley
Investment highlights
Charming 1920s architecture blended with thoughtful renovations for timeless appeal
Supreme walkability with a Walkscore.com rating of 97 (Walker’s Paradise)
Minutes away from major employment centers such as Downtown and Mission Valley
Abundant off-street parking for the tenants
Prime livable community with easy access to restaurants, grocery stores and nightlife
Designer interiors with modern fixtures & finishes
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,014.00
$9,001.17/mo
Valuation Metrics
0
DSCR
4.51%
Cap Rate
4.51%
ROI
Map
Zoning
RM-3-7 ResidentialMulti FamilyResidential Multiple Unit
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View all 190 uses
View all 190 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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