2520 Collier Avenue
Ctop 80% of multifamilySan Diego, CA 92116
One license per person in San Diego: whether you can hold it depends on you, not only the home.
60 licensed short-term rentals within ½ mile (36 whole home), from the cities' license and permit lists of Nov 1, 2026.
Pass at asking: -$6,162/mo full cashflow at 20% down, 7.49% rate.
Works at $1,096,075 (42% under asking), or at 67% down.
Rent $10,980/mo: 4 units of about 869 sqft, each priced from up to 11 closed leases within 1 mi ($9,844–$12,144).
Beds
—
Baths
—
Sqft
3,476
Year Built
1973
Days on Market
44
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2608694
This property is in San Diego (92116). View neighborhood stats →
About This Property
4 Unit 2-story multi-family apartment Excellent University Heights location. This property offers tandem off-street parking for each resident. Well-maintained stucco exterior with attractive Spanish tile front façade roof accents gorgeous color arch accent and wood trim. Each of the 4 resident units are a 2-bedroom, 1 bath configuration with balcony or patio. Peak views overlooking canyon onto Mision Valley from rear residences. SB721 Inspections and work have been completed. Interiors offer spacious room sizes with sq. ft. measuring approximately 800 per unit. Ample closet and storage. Kitchen appliances include range/oven, refrigerator, dishwasher. The lower level of the building offers residents a shared storage room. On-site shared laundry room with Wash service contract machines. This is a convenient residential neighborhood offering several amenities including Trolley Barn Park where summer concerts are hosted. Restaurants, coffee shops and so much more. Easy freeway access.
Small multifamily · 4 units
Valued on income: each unit priced from closed leases nearby, then added up. County records: 4 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~869 sqft · 11 leases within 1 mi | 4 | $2,745 | $10,980 |
| Gross rent, all units | $10,980/mo | ||
- Gross rent multiplier
- 14.4
- Price per unit
- $473,750
- NOI (a year)
- $59,717
- Cap rate
- 3.15%
Price ÷ a year's gross rent
Median $548,750 across 93 listed 2–4 unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
House hack with FHA
Live in the one unit, rent the other 3.
FHA likely won't lend on this one at this price. For 3 and 4 units it counts 75% of all the units' rent ($8,235/mo), and that has to cover the full payment ($16,271/mo). The numbers below are for reference.
- Down payment
- $66,325
- Your cost to live there
- $11,510/mo
- More than renting it
- $8,765/mo
3.5% · plus closing costs
After $8,235/mo from the other units
vs $2,745/mo to rent the same unit
How this is figured
- Loan $1,860,677 ($1,828,675 + 1.75% upfront mortgage insurance) at 7.24% (Freddie Mac 30-year average, week of Oct 29, 2026), 30 years: $12,680/mo
- FHA mortgage insurance $1,143/mo · property tax $1,895/mo · insurance $553/mo
- Vacancy, management and capex on the rented units, upkeep on the building: $3,473/mo
- FHA allows 3.5% down on 2–4 units when you live in one, up to HUD's 2026 San Diego County limit for 4 units ($2,123,100). Lenders count only part of the other units' rent toward qualifying.
Compare other buildings on the small multifamily page.
Mortgage Calculator
Est. Monthly Payment
$13,037
Location
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Zoned Schools
Elementary
Garfield Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
2 comps foundThis Property
$10,980
Comp Average
$6,403
3569 Monroe Avenue
1,324 sqft · Multi-Family
$1.40M
Est. $4,844/mo
4448 Ohio Street
8bd / 3ba · 2,512 sqft · Triplex
$2.50M
Est. $7,962/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
This is a 4-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
4 units of about 869 sqft, each priced from up to 11 closed leases within 1 mi · $9,844–$12,144
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,162/mo short at 20% down; 67% down or +$8,003/mo rent closes it.
- Break-even price
- $1,096,075
- Break-even rent
- $18,983/mo
- Cashflow at 35% down
- −$4,177/mo
- Down payment to break even
- 67%
- Rate to break even
- 0.34%
42% under asking
$8,003/mo above the estimate
$1,269,650 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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