Listed by The Browar Group
$1,195,000
Van Dyke Apartments
Details
APN 4713611000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,076
Units 3
Cap Rate 3.80%
NOI $13,268
Tenancy Vacant
Pro-Forma Cap Rate 4.24%
Pro-Forma NOI $50,713
Price per SqFt $578
Class B
Year Built 1950
Year Renovated 2021
Buildings 4
Stories 1
Acreage 0.163
Zoning RM1-3
Investment Type Owner/User
Renovated detached triplex with mini splits, separate meters, private yards, and garage.
Marketing description
413337 Van Dyke Avenue presents a rare opportunity to acquire a fully renovated cottage-style triplex in the heart of Central San Diego. The property consists of three detached units, including a vacant 2 bed / 1 bath residence approximately 1,100 SF and two 1 bed / 1 bath cottages approximately 500 SF each. All units feature private yard space, individual utility meters, mini split systems, and ample on-site parking, creating an attractive setup for both tenants and owner-occupants alike. The 2 bedroom unit also includes an in-unit washer and dryer, further enhancing its owner-user appeal. The property underwent an extensive renovation in 2021, including significant interior and exterior improvements. Major upgrades completed during the renovation include electrical, plumbing, roof, stucco, and foundation work, offering a low-maintenance investment opportunity with strong long-term fundamentals. The vacant 2 bedroom unit provides immediate flexibility for an owner-user or the ability to lease at current market rents. The property also includes an approximately 460 SF detached two-car garage, which may offer future ADU conversion potential for an investor looking to maximize the site. Centrally located with convenient access to major freeways, employment centers, shopping, and dining, 413337 Van Dyke Avenue offers a compelling combination of functionality, privacy, and long-term upside.
Investment highlights
- 4133-37 Van Dyke Avenue presents a rare opportunity to acquire a fully renovated cottage-style triplex in the heart of Central San Diego. The property consists of three detached units, including a vacant 2 bed / 1 bath residence approximately 1,100 SF and two 1 bed / 1 bath cottages approximately 500 SF each. All units feature private yard space, individual utility meters, mini split systems, and ample on-site parking, creating an attractive setup for both tenants and owner-occupants alike. The 2 bedroom unit also includes an in-unit washer and dryer, further enhancing its owner-user appeal.
- The property underwent an extensive renovation in 2021, including significant interior and exterior improvements. Major upgrades completed during the renovation include electrical, plumbing, roof, stucco, and foundation work, offering a low-maintenance investment opportunity with strong long-term fundamentals. The vacant 2 bedroom unit provides immediate flexibility for an owner-user or the ability to lease at current market rents.
- The property also includes an approximately 460 SF detached two-car garage, which may offer future ADU conversion potential for an investor looking to maximize the site. Centrally located with convenient access to major freeways, employment centers, shopping, and dining, 4133-37 Van Dyke Avenue offers a compelling combination of functionality, privacy, and long-term upside.
Listing Contacts
Listed by The Browar Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$13,268.00
$1,105.67/mo
Valuation Metrics
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DSCR
1.11%
Cap Rate
1.11%
ROI
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