4438 56th St, San Diego 92115

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.

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

www.sandiegoapartmentexpert.com

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