4085 49th St
San Diego, CA 92105
#240028216SD
Description
High-performing 7-unit property with strong financials. Offering a 5.77% current cap rate and 11.28 GRM, this investment delivers immediate cash flow with room for upside. The property features a desirable unit mix: 3 spacious 2-bedroom/2-bath units, 2 well-appointed 2-bedroom/1-bath units, and 2 charming 1-bedroom units. Interiors have been fully renovated, showcasing new laminate flooring, quartz countertops, updated kitchens, and tiled bathrooms. Additional upgrades include a new roof and energy-efficient windows. The property includes 6 garages, with plans underway to convert them into 4 ADUs (anticipated completion of plans in Q1 2025—contact agent for details). Current rents do not reflect the value of the garages, offering further income potential through leasing or ADU conversion. This is a turnkey asset with both stability and growth potential.
Property Details
- MLS #240028216SD
- MLS #240028216SD
- Original List Price$2,100,000
- CountySan Diego
- Property TypePurchase
- Property SubtypeMixedUse
- Cost2100000
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jordan Concepcion (#SAND-670002)
Listing Office: Apartment Realty Group (ARG) (#SAND-60078)
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