Updated Sep 3, 2026
James V. Carter & Angelo La Bruna Of Apartment Realty Group Sell San Diego Multifamily For $3.85M
4957 Cape May Avenue
$3,850,000
$534/SF
Building Size
7,198 SF
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
This multifamily property located at 4957 Cape May Avenue in the San Diego market was sold for a total of $3,850,000. The asset comprises 10 units and has a square footage of 7,198. The price per unit is calculated at $385,000, which equates to a price per square foot of $534.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Units: 10
- Price Per Unit: $385,000
- Square Footage: 7,198
- Price Per Square Foot: $534
The deal was represented by brokers James V. Carter and Angelo La Bruna from Apartment Realty Group (ARG), emphasizing their roles as key facilitators in the transaction's execution.
Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93