15
Total Units
$175K
Price Per Unit
—
Cap Rate at Sale
Represented Buyer
Representation
Property Details
Case Study: 4438 56th St, San Diego 92115
15 Units | Sold for $2,625,000 | Represented Buyer
Property Overview
4438 56th St is a 15-unit apartment community located in the heart of the College Area, one of San Diego’s most consistently strong rental corridors. The property consists of:
15 Units Total
All units: 2 Bed / 2 Bath
$1,260 Average Rent at time of sale
Walkable to retail, transit, and SDSU commuter routes
Built for efficient long-term ownership, the property offered investors stable occupancy and dependable cash flow.
Investment Highlights
100% 2 Bed / 2 Bath unit mix, extremely desirable for tenant retention
Strong walkability and proximity to SDSU employment base
Historically low vacancy in this submarket
Upside in rents through modernization and amenities
Solid price-per-unit positioning compared to other College Area sales
College Area Multifamily Market
The College Area continues to outperform many San Diego submarkets due to:
High demand from students, faculty, and local workforce
Limited supply of larger 2-bedroom floorplans
Strong absorption and rent growth, even in softer markets
Reliable liquidity for 10–20 unit properties
These factors make the area one of the most attractive pockets for small-to-mid sized multifamily investment. Recent transactions reflect this strength, including a 15-unit College Area apartment sale reported by PRLog.
How We Positioned the Transaction
Representing the buyer required:
A detailed analysis of rent comps vs. achievable market rents
Underwriting for both stabilized and value-add scenarios
Navigating a competitive environment where 10–20 unit listings move quickly
Securing a clean closing with favorable terms
This property ultimately aligned with the buyer’s long-term portfolio strategy in San Diego’s urban core.
Thinking About Selling Your Apartment Property?
Apartment owners throughout San Diego—especially in the 10–20 unit range—are taking advantage of strong buyer demand.
If you’re considering selling, I can provide:
A precise valuation
A rent and expense benchmark
A customized marketing strategy for your submarket
Request a confidential valuation at
https://www.sandiegoapartmentexpert.com/property-valuations
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Narrative
15-unit all 2BD/2BA building with central air and dishwashers. Maximum units without on-site management requirement. Below-market rents with strong upside.