$2,150,000

Residential Income in San Diego

  • 14 Beds
  • 8 Baths
  • 5,488 Sqft
  • 6,251 Sqft lot
  • Updated: Yesterday
  • Source:
    San Diego MLS  MLS#260027099

About the Property

4170 N 48th Street is an 8-unit multifamily property in San Diego’s City Heights submarket, 100% occupied with in-place rents below pro forma. One two-story building built in 1962, approx. 5,488 SF on a 6,251 SF lot zoned RM-1-3. Unit mix of six 2BR/1BA units (approx. 734 SF) and two 1BR/1BA units (approx. 540 SF), with 9 on-site parking spaces. Current gross scheduled income of $169,200 and NOI o
4170 N 48th Street is an 8-unit multifamily property in San Diego’s City Heights submarket, 100% occupied with in-place rents below pro forma. One two-story building built in 1962, approx. 5,488 SF on a 6,251 SF lot zoned RM-1-3. Unit mix of six 2BR/1BA units (approx. 734 SF) and two 1BR/1BA units (approx. 540 SF), with 9 on-site parking spaces. Current gross scheduled income of $169,200 and NOI of $122,347 (5.69% cap rate at list price). Pro forma rents of $16,900/month project NOI of approx. $145,401. Frame construction, stucco exterior, flat roof. Central infill location near I-15 and I-805, El Cajon Blvd and University Ave retail, neighborhood schools, and public transit. Value-add opportunity through unit turns, interior upgrades, and rent normalization, with longer-term optionality under RM-1-3 zoning.
…
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $391

Features

Explore the Area

4170 N 48th St, San Diego, California, United States View on Google Maps
Price per sqft
Low
High

View 1,143 more listings in San Diego

The Agency - La Jolla

Joined 1 year ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

The Agency - La Jolla
California, United States
View agency profile
19
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
The Agency - La Jolla
La Jolla, California, United States
View agency profile
Last updated
Yesterday
First listed
November 14
Listing reference
260027099
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 260027099, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

Brokerages we
partnered with