4221-4227 Kansas St - Apartments FOR SALE


San Diego, CA 92104- North Park
$3,080,000 USD
858-373-3196
4221-4227 Kansas St, San Diego, CA for Sale
$3,080,000 USD
Apartments - FOR SALE
1/17
null | 4.46% Cap Rate

4221-4227 Kansas St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Prime North Park Location – Situated in the heart of one of San Diego’s most desirable and supply-constrained rental submarkets.
  • Stabilized 8-Unit Asset – All 2BR/1BA units totaling 6,736 rentable SF, a highly marketable configuration.
  • Strong In-Place Income – Well-maintained property with several recently renovated units supporting durable cash flow.
  • Parking & Laundry – Five (5) off-street parking spaces and on-site laundry, amenities that enhance tenant demand and retention.
  • Core Multifamily Profile – Attractive to long-term holders and 1031 buyers seeking a low-friction, stabilized investment.

OVERVIEW

The McCartin Group at Marcus & Millichap is pleased to present 4221–27 Kansas Street, a stabilized 8-unit multifamily investment located in the heart of North Park, one of San Diego’s most desirable and supply-constrained rental submarkets. Built in 1956, the property consists of eight (8) 2-bedroom / 1-bath units totaling 6,736 rentable square feet, offering a highly sought-after and consistent unit mix. The property includes five (5) off-street parking spaces and on-site laundry, amenities that support strong tenant demand and retention. All units are in good overall condition, with several recently renovated, providing investors with stable in-place income and long-term rent growth potential. Ideally located within close proximity to North Park’s restaurants, cafes, breweries, and retail, the property also benefits from convenient access to Interstate 805 and Interstate 15, allowing for efficient connectivity throughout San Diego. With its prime location, attractive unit mix, and durable cash flow, 4221–27 Kansas Street represents a compelling opportunity to acquire a core multifamily asset in one of the city’s strongest rental markets.

FOR SALE DETAILS

PRICE

$3,080,000 USD

PRICE/SF

$457 USD /SF

# OF UNITS

8

PRICE/UNIT

$385,000

CAP RATE

4.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kansas St. Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,572 SF

ZONING

R-3A, San Diego

APN/PARCEL ID

446-232-08

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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