4112-4118 Bannock Ave - Apartments FOR SALE


San Diego, CA 92117- Clairemont
$2,429,000 USD
503-929-9432
4112-4118 Bannock Ave, San Diego, CA for Sale
$2,429,000 USD
Apartments - FOR SALE
1/15
null | 5.21% Cap Rate

4112-4118 Bannock Ave
San Diego, CA 92117
Clairemont


HIGHLIGHTS

  • Desirable Clairemont location, within a short walk to Clairemont Town Square, proximate to major employment hubs and lifestyle amenities
  • Ample off-street parking and two large garages.
  • Desirable unit mix comprised entirely of large two- and three-bedroom single story floorplans.
  • Additional density available by building the underutilized portions of the lot along with garage conversions.
  • Highly accessible corridor with excellent visibility and connectivity to I-5, I-805, and other major public transportation routes.

OVERVIEW

We are pleased to present 4112 Bannock Ave, a 5-unit multifamily property in the highly desirable Clairemont neighborhood of San Diego, CA. Clairemont is renowned for its picturesque surroundings, nestled between the natural beauty of Tecolote Canyon Natural Park and the recreational allure of Mission Bay Park, providing residents with a perfect blend of outdoor adventure and urban convenience. The property features off-street parking & an attractive unit mix, comprised of three 2-bedroom/1-bath cottage style units, and two large 3-bedroom/2-bath units with private garages. Its strategic location in Bay Park offers seamless connectivity via Interstate 8, placing key destinations like Downtown San Diego (7 miles), San Diego International Airport (6 miles), and the University of San Diego (3 miles) within a short commute. Clairemont is considered “Very Walkable,” with residents enjoying easy access to gourmet dining along Morena Boulevard and recreational hotspots such as Tecolote Canyon Golf Course and Playa Pacifica Park. Mission Bay Park, just minutes away, offers surfing, sunbathing, and dog-friendly beaches, making it a haven for outdoor enthusiasts. The neighborhood’s proximity to the University of San Diego, enrolling over 8,000 students, enhances its appeal to a diverse tenant base and supports a robust rent al market, bolstered by the area’s $1.5 billion annual economic impact from the university and nearby employment hubs. This property presents a rare opportunity for investors to acquire an asset in Bay Park, a submarket experiencing strong rental demand driven by its unique blend of natural beauty, recreational amenities, and urban accessibility.

FOR SALE DETAILS

PRICE

$2,429,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

5

PRICE/UNIT

$485,800

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,854 SF

ZONING

RM-1-1

APN/PARCEL ID

360-190-06

ASK ABOUT THIS PROPERTY

Graeme HendersonMarcus & MillichapMore Info
503-929-9432

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Graeme HendersonMarcus & MillichapMore Info
503-929-9432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.