Listed by Landmark Multifamily and Development
$3,200,000
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
Listing Contacts
Listed by Landmark Multifamily and Development
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,278.00
$14,273.17/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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Zoning
RM-1-1 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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