4221-27 Kansas St — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92104

Photos

4221-27 Kansas St — Sale in San Diego, CA, photo 1 of 3
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Investment Figures

Cap rate
4.71%

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 pleased to present 4221–27 Kansas Street is an 8-unit multifamily property located in the heart of North Park, one of San Diego’s most sought-after rental submarkets. Built in 1956, the property consists of eight (8) 2-bedroom / 1-bath units totaling 6,736 square feet, offering a highly desirable and consistent unit mix that supports strong tenant demand. The property includes five (5) off-street parking spaces and features on-site laundry, both valuable amenities in this urban setting. All units are in good overall condition, with several units having been fully renovated in recent years, while others have been well maintained and offer future upside through continued interior improvements. This creates a balanced opportunity for stable in-place cash flow with additional value-add potential. Situated in the core of North Park, the property benefits from immediate access to the neighborhood’s restaurants, cafes, breweries, retail, and nightlife, with easy walkability to University Avenue and surrounding amenities. The location also offers excellent connectivity, with quick access to Interstate 805 and Interstate 15, providing efficient commutes to Downtown San Diego, Mission Valley, and major employment centers. This prime North Park location, combined with the property’s unit mix and amenities, positions 4221–27 Kansas Street as a compelling long-term multifamily investment. Investment Highlights: • Prime North Park Location: Situated in the heart of North Park, one of San Diego's most desirable and walkable rental submarkets. • Strong Unit Mix: Eight (8) 2-bedroom / 1-bath units totaling 6,736 SF, a highly sought-after configuration for long-term renters. • Parking & Amenities: Five (5) off-street parking spaces plus on-site laundry enhance tenant demand and retention. • Excellent Accessibility: Quick access to I-805 and I-15, with easy commutes to Downtown, Mission Valley, and major employment centers.

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 4.7% 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 4.7% asking cap rate is in line with the San Diego multifamily market average of about 4.6%. 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).

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