4004-6 Terrace Ct — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92116

Photos

4004-6 Terrace Ct — Sale in San Diego, CA, photo 1 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 2 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 3 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 4 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 5 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 6 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 7 of 8
4004-6 Terrace Ct — Sale in San Diego, CA, photo 8 of 8

Investment Figures

Cap rate
2.41%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 4004-06 Terrace Court, located in San Diego, California. The asset features one (1) 2-bedroom/1- bathroom units, and one (1) 2-bedroom/1.5-bathroom unit. Kensington provides the ultimate convenience to beautiful parks with manicured green space, with modern joint-uses, great scenic walking trails and jogging areas, easy freeway access, and an abundance of restaurants, shopping, and coffee shops. The centralized location is proximate to Mission Valley, University Towne Center, downtown San Diego, and pristine Southern California coastline. Interstates 8, 805 and Adams Avenue provide easy corridor access to major employment centers countywide and residents are just a short drive from Sea World, Balboa Park (home to the iconic San Diego Zoo), and Mission Bay. San Diego State and Snapdragon Stadium rest just north of the property, along with several regional medical facilities, and thousands of acres of additional regional green spaces. This pride of ownership opportunity is a highly efficient, urban infill project in a desirable centralized location near tier-1 employment centers, poised to deliver compelling returns to investors for generations to come. Investment Highlights: • ADU conversion potential with multiple double car garages throughout the property. • Highly desirable unit mix of spacious two-bedroom units • Located in Kensington, one of San Diego's most walkable and trend forward neighborhoods • Proximate to several Tier 1 employment centers at downtown San Diego, Kearny Mesa and Sorrento Valley

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 2.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Diego, CA — view the full market.

As of Q4 2025, the San Diego multifamily market showed a 5.4% vacancy rate, average asking rents near $2456.00/unit/mo, and cap rates around 4.6%. Source: multiple brokerage reports, Q4 2025.

Its 2.4% asking cap rate is below the San Diego multifamily market average of about 4.6%, reflecting premium pricing relative to comparable assets. Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 4.6% as of Q4 2025, per multiple brokerage reports.
Is the San Diego multifamily market tightening or softening?
Vacancy is around 5.4% (Q4 2025).

Contact

Explore this market

Similar Multifamily Property for Sale in San Diego, CA