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$220K – $360K
Price Per Unit Range
4.25% – 5.5%
Cap Rate Range
2 – 20 Units
Deal Size
What are apartment cap rates in Talmadge?
Talmadge falls in the Mid-City band of our Q3 2026 submarket table, where apartment cap rates range from about 4.25% to 5.5% (South Coast Commercial analysis of CoStar data). Buildings closer to Kensington tend toward the lower end; older corridor buildings toward the higher end.
How much is an apartment building worth in Talmadge?
Mid-City apartment buildings have been pricing from roughly $220,000 to $360,000 per unit in our Q3 2026 table. In Talmadge, location within the neighborhood, parking and the gap between current and market rents are the biggest drivers of where a building lands.
Who buys apartment buildings in Talmadge?
Private investors and 1031 exchange buyers who want a central location near Kensington and SDSU, and value-add buyers looking for older buildings with below-market rents along the El Cajon Boulevard corridor.
Should I renovate before selling my Talmadge building?
Not always. Renovating before a sale only pays if buyers will credit the work at more than its cost, and rent-control limits mean new rents only apply as units turn over. Compare a renovate-then-sell plan with an as-is sale before you spend money; a free valuation can show both paths.
Market Data
Talmadge at a Glance
Price per Unit
$220K – $360K
Cap Rate
4.25% – 5.5%
Typical Deal Size
2 – 20 Units
Buyer Type
Private Investors / 1031 Exchange Buyers / Value-Add Operators
Market Insights
How investors are pricing apartments in Talmadge
Talmadge is a quiet, mostly residential Mid-City neighborhood between Kensington and the College Area, with apartment buildings concentrated along and just off El Cajon Boulevard. Its appeal to renters is a mix of Kensington-adjacent streets, access to I-15 and I-8, and proximity to San Diego State University. For investors it sits between two markets: buildings near Kensington and the historic Talmadge streets can price closer to Normal Heights, while older buildings on the El Cajon Boulevard corridor trade more like City Heights. That spread is why the same unit count can sell for very different prices here, and why buyers focus on block-by-block location, parking, unit mix and how far current rents sit below market. Most Talmadge apartments fall under AB 1482 and San Diego's Tenant Protection Ordinance, so buyers underwrite rent growth through turnover.
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