4205 Noyes, San Diego, CA 92109
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
4205 Noyes,San Diego, CA 92109
$5,400,000
- 16 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tosh everett
Office: salvatore joseph provenza jr
MLS#:OC26221697
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,400,000
About this home
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...
Contact an agent
Home facts
- Subdivision & Development:MISSION BEACH
- Listing ID #:OC26221697
- Added:24 day(s) ago
- Updated:November 06, 2026 at 03:34 PM
Rooms and interior
- Bedrooms:16
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$5,400,000
New listings near 4205 Noyes
- Coming Soon
$1,195,000Coming Soon3 beds 2 baths1,691 sq. ft.Address Withheld By Seller, San Diego, CA 92120
MLS# 260026519SDListed by: REAL BROKER - Coming Soon
$764,900Coming Soon4 beds 2 baths1,352 sq. ft.Address Withheld By Seller, San Diego, CA 92114
MLS# 260026474SDListed by: REALTY ONE GROUP PACIFIC - Coming Soon
$1,085,000Coming Soon3 beds 2 baths1,497 sq. ft.Address Withheld By Seller, San Diego, CA 92123
MLS# 260026458SDListed by: FINEST CITY HOMES - Coming Soon
$1,875,000Coming Soon10 beds -- baths3,000 sq. ft.5024 26 54th Street, San Diego, CA 92115
MLS# PTP2608228Listed by: REAL BROKER - Coming Soon
$820,000Coming Soon3 beds 3 baths1,389 sq. ft.10526 Sanshey Lane #109, San Diego, CA 92127
MLS# NDP2610015Listed by: REAL BROKERAGE TECHNOLOGIES - Coming Soon
$1,675,000Coming Soon4 beds 3 baths2,259 sq. ft.4821 Tula Court, San Diego, CA 92122
MLS# NDP2609995Listed by: WILLIS ALLEN REAL ESTATE - Coming Soon
$588,888Coming Soon2 beds 2 baths956 sq. ft.Address Withheld By Seller, San Diego, CA 92122
MLS# 260026168SDListed by: ENRG REALTY, INC. - Coming Soon
$588,888Coming Soon2 beds 2 baths956 sq. ft.Address Withheld By Seller, San Diego, CA 92122
MLS# 260026168SDListed by: ENRG REALTY, INC. - Coming Soon
$769,000Coming Soon3 beds 2 baths1,350 sq. ft.12884 Camino De La Breccia, San Diego, CA 92128
MLS# NDP2609951Listed by: KELLER WILLIAMS REALTY - Coming Soon
$399,900Coming Soon1 beds 1 baths721 sq. ft.Address Withheld By Seller, San Diego, CA 92101
MLS# 260025845SDListed by: BERKSHIRE HATHAWAY HOMESERVICE