USACASan DiegoMission Beach4205 Noyes St

4205 Noyes St, San Diego, CA

Name: 4205 Noyes St, For Sale in San Diego - eXp Realty
Brand: Salvatore Joseph Provenza Jr
SKU: OC26221697
Price: 5400000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$5,400,000

000

MLS® OC26221697

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage

HOA Fees

Taxes

Days Active 1

Approx. Age 1959

MLS® Number OC26221697

Property Address: 4205 Noyes St, San Diego, CA, 92109

Average square foot calculated using Size range provided by listing agent.

Description

WD Land is pleased to present the opportunity to acquire The Roxy, a fully renovated 16-unit apartment community at 4205 Noyes Street in Pacific Beach. Set at the corner of Noyes Street and Oliver Avenue, the property sits just north of the Kendall-Frost Mission Bay Marsh Reserve, a short walk from the Mission Bay shoreline and a quick ride to the Pacific Beach boardwalk, Garnet Avenue and the coast. Originally built in 1959, the two-story building was taken down to the studs in a 2021 gut renovation. Major building systems were replaced, including a new roof, new electrical and plumbing upgrades, and every unit was rebuilt with new windows, gray shaker kitchens with white countertops, blue subway-tile backsplashes and stainless appliances, new plank flooring, ceiling fans and fully remodeled baths with new vanities, tubs and patterned tile. The result is 16 turnkey junior one-bedroom homes averaging ±450 SF, with 15 off-street parking spaces and a cozy coastal look carried outside through seafoam doors, iron railings and lantern lighting. At the offering price of $5, 400, 000 ($337, 500 per unit), The Roxy offers the lowest price per door of any multifamily property currently on the market in Pacific Beach. It trades at a 4.64% cap rate on in-place income and 5.54% at market rents, with a 13.21 GRM falling to 11.77 at market. That price per unit sits about 23% below the $436, 935 average of nine recent Pacific Beach sale comparables. Current rents average $2, 046 per unit against a $2, 300 market rent and a $2, 379 average among nearby one-bedroom comparables, leaving room to grow income as units turn, with RUBS and pet rent already in place. With capital work complete, The Roxy suits 1031 exchange buyers, private investors and long-term holders seeking a low-maintenance coastal asset in one of San Diego’s most supply-constrained beach markets.

MLS® NumberOC26221697

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1959

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatWall Furnace

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 12, 2026List Date

$5,400,000List Price

Home Appraisal

This property is estimated to sell between: $440,000 and $7,880,000.

Similar properties in this area sold on average for: $440,157

Expected to sell in 21 days. Similar properties sold in 22 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Destination Address

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