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33971684
33971695

4864 Fond Du Lac Court, San Diego, CA 92117

MS
CA 02151498
Landmark Multifamily and Development
DA
CA 02139234
Listed by Landmark Multifamily and Development
$3,200,000
6 days on market
Updated 2 days ago

4862-4868 Fond Du Lac Court

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,272
Net Rentable (SqFt) 5,272
Units 10
Cap Rate 5.35%
NOI $171,278
Tenancy Multi
Pro-Forma Cap Rate 5.88%
Pro-Forma NOI $188,107
Price per SqFt $606
Year Built 2026
Buildings 3
Acreage 0.170

Multifamily | 10 Units | $320,000/unit

Marketing description

4862–4868 Fond Du Lac Court is a new construction 10-unit multifamily asset in North Clairemont, one of San Diego’s most centrally located and accessible residential submarkets. The property offers a balanced unit mix of (2) 2BD/1BA, (4) 1BD/1BA, and (4) studios, including (8) newly constructed units and (2) fully renovated units, delivering modern finishes and functional layouts throughout. North Clairemont's central positioning provides direct access to I-5, I-805, SR-52, and SR-163, connecting residents to Downtown San Diego, UTC, La Jolla, Mission Valley, and the region's major employment corridors including the UTC tech cluster, healthcare institutions, and coastal job centers. Retail, dining, and neighborhood amenities round out a highly livable submarket with sustained renter demand. For investors, the asset offers stabilized cash flow, market aligned rents, and long term upside in an established San Diego rental market. The property’s new construction, modern design, and desirable North Clairemont location position it to attract strong tenant demand and provide durable long term performance.

Investment highlights

10 units across three detached buildings

New construction completed in 2026

Offering a diverse mix of studio, one bedroom, and two bedroom layouts

Units feature premium finishes, stainless steel appliances, and high ceilings

Prime North Clairemont location providing convenient access to Kearny Mesa, UTC, Mission Valley, and Downtown San Diego, supporting long-term tenant demand and rental stability.

New construction units provide exemption from California’s AB 1482 rent cap provisions for 15 years following completion

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Listing Contacts

MS
CA 02151498
Landmark Multifamily and Development
DA
CA 02139234
Listed by Landmark Multifamily and Development

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$171,278.00
$14,273.17/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
ROI

Map

Zoning

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RM-1-1 ResidentialMulti FamilyResidential Multiple Unit
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Miles Slater
License
02151498
Brokerage Phone
8582109465
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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