4344 Van Dyke Ave - Apartments FOR SALE


San Diego, CA 92105- Kensington
$3,200,000 USD
760-525-1131
4344 Van Dyke Ave, San Diego, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/19
null | 5.25% Cap Rate

4344 Van Dyke Ave
San Diego, CA 92105
Kensington


HIGHLIGHTS

  • Fully remodeled property with value-add potential through rent increases.
  • Classic Spanish façade with drought-tolerant landscaping and gated entry.
  • Common area upgrades: stainless steel BBQ, bike rack, refurbished laundry room, new storage lockers.
  • Interior upgrades: wood laminate floors, designer paint, stainless steel appliances, quartz countertops.

OVERVIEW

Positioned in the heart of Kensington, one of San Diego’s most sought-after neighborhoods, 4344 Van Dyke Avenue offers investors a rare opportunity to acquire a fully remodeled nine-unit apartment complex with exceptional upside potential. The property blends timeless Spanish-style architecture with modern upgrades, creating a highly desirable living environment. Residents enjoy walkable access to local dining, boutique shops, and community amenities, while proximity to SDSU, Downtown San Diego, and major freeways ensures strong rental demand. The unit mix—three two-bedroom units, five one-bedroom units, and a newly completed ADU—caters to a diverse tenant base. Recent improvements include drought-tolerant landscaping, gated entry, and upgraded common areas featuring stainless steel BBQ, bike racks, and private storage lockers. Interiors boast wood laminate flooring, quartz countertops, and stainless steel appliances, elevating the property’s appeal. With permits secured for the ADU and market rents trending upward, new ownership can capitalize on immediate value-add opportunities. This offering combines stability, growth potential, and prime location in a thriving urban market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$570 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van Dyke Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,615 SF

ZONING

R-4

APN/PARCEL ID

471-052-21

ASK ABOUT THIS PROPERTY

Todd SimonsenCommercial Asset AdvisorsMore Info
760-525-1131

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Todd SimonsenCommercial Asset AdvisorsMore Info
760-525-1131

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