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We are pleased to present 4578 Jicarillo Ave, a newly constructed, fully stabilized 13-unit multifamily asset positioned along the canyon edge in the highly sought-after Bay Ho submarket of central San Diego. Completed in 2025 and delivered fully leased, the Property offers contemporary design, serene natural surroundings, and immediate income in one of San Diego's most supply-constrained coastal neighborhoods. The community features sweeping westerly canyon views, an omnipresent coastal breeze, and picturesque vistas of Mt. Soledad - a setting virtually impossible to replicate in today's entitlement environment. All 12 one-bedroom apartments are exempt from California's AB 1482 rent control provisions for 15 years from completion, providing flexibility for future rent growth. Property consists of 12 one-bed/1-bath residences at 441 SF and a renovated 3-bed/2-bath single-family home at 1,324 SF - a rare configuration combining multifamily scale with standalone residential value on a 13,600 SF lot. Units feature 10-foot ceilings, quartz waterfall countertops, stainless steel appliances, in-unit washer/dryer, split-system HVAC, and private outdoor space. Current gross income totals $36,335/month ($436,020 annualized), pro forma of $37,700/month ($452,400 annualized) at market rents. Property is offered at $5,650,000, representing a 5.27% current cap rate (5.65% pro forma) and $434,615/unit. Contact listing broker for OM and financials.
Property Type(s):
Commercial
| Last Updated | 5/27/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92117 - Clairemont Mesa | County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92117 - Clairemont Mesa |
| HEAT | None |
| LOT | 0 |
Location
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Listed with Newmark of Southern California
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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