www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32620792
32620795

4221-27 Kansas Street, San Diego, CA 92104 For Sale

Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$3,080,000
67 days on market
Updated 47 days ago

4221-27 Kansas Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,736
Net Rentable (SqFt) 6,736
Units 5
Cap Rate 4.46%
NOI $137,334
Occupancy 100%
Pro-Forma Cap Rate 5.95%
Pro-Forma NOI $183,386
Price per SqFt $457
Class B
Year Built 1956
Buildings 1
Acreage 0.170
Zoning CC-3-9
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange

New North Park 8‑Unit Opportunity

Marketing description

4221–27 Kansas Street is an 8‑unit multifamily property located in the heart of North Park, one of San Diego’s most sought‑after rental submarkets. Built in 1956, the property consists of eight (8) 2‑bedroom / 1‑bath units totaling 6,736 square feet, offering a highly desirable and consistent unit mix that supports strong tenant demand.

The property includes five (5) off‑street parking spaces and features on‑site laundry, both valuable amenities in this urban setting. All units are in good overall condition, with several units having been fully renovated in recent years, while others have been well maintained and offer future upside through continued interior improvements. This creates a balanced opportunity for stable in‑place cash flow with additional value‑add potential.

Situated in the core of North Park, the property benefits from immediate access to the neighborhood’s restaurants, cafes, breweries, retail, and nightlife, with easy walkability to University Avenue and surrounding amenities. The location also offers excellent connectivity, with quick access to Interstate 805 and Interstate 15, providing efficient commutes to Downtown San Diego, Mission Valley, and major employment centers. This prime North Park location, combined with the property’s unit mix and amenities, positions 4221–27 Kansas Street as a compelling long‑term multifamily investment.

Investment highlights

Prime North Park Location: Situated in the heart of North Park, one of San Diego’s most desirable and walkable rental submarkets.

Strong Unit Mix: Eight (8) 2‑bedroom / 1‑bath units totaling 6,736 SF, a highly sought‑after configuration for long‑term renters.

Parking & Amenities: Five (5) off‑street parking spaces plus on‑site laundry enhance tenant demand and retention.

Excellent Accessibility: Quick access to I‑805 and I‑15, with easy commutes to Downtown, Mission Valley, and major employment centers.

Listing Contacts

Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,334.00
$11,444.50/mo

Valuation Metrics

0
DSCR
4.46%
Cap Rate
4.46%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591