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909-224-5786
Realty One Group West
4170 N 48th St, East San Diego, CA 92105
- $2,150,000
- List Price
- $2,150,000
- Status
- ACTIVE
- MLS#
- 260027099SD
- Lot Size
- 6,251
- Acres
- 0.14
- Days on Market
- 2
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
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.
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Additional Information
- Cooling
- Yes
- Exterior Construction
- Frame
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $169,200
- Operating Expense
- 46853
Listing courtesy of Listing Agent: Ron Chaquica (info@finehotels.net) from Listing Office: The Agency.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.