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$1,995,000
Est. payment /mo
14 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 260024782
Bedrooms 14
Full Baths 8
Year Built 1964
Property Sub-Type Res Income 2-4 Units
Property Description
4140 48th Street, San Diego, CA presents a stabilized investment opportunity in the heart of the Colina del Sol neighborhood. This fully renovated multifamily asset, originally built in 1964, comprises 4 units featuring a rare, large-format mix of two 3-bedroom/2-bathroom and two 4-bedroom/2-bathroom configurations. The property encompasses 4,180 gross square feet on a 6,397 square foot parcel, offering significant density in a supply-constrained market. With a current purchase price of $1,995,000, the asset delivers immediate cash flow with a capitalization rate of 5.60% and a Gross Rent Multiplier of 13.0, metrics that reflect the premium quality of the recent turnkey renovations and the asset's operational efficiency.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Cooling Zoned Area(s)
Fireplace No
Exterior
Fence Full
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 471-411-22-00
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Listed by Adrian Gonzalez-Pureco, DRE#01844618 Bridgepoint Realty Inc
Co-listed byAlexio Barbara • Bridgepoint Realty Inc
Co-listed byAlexio Barbara • Bridgepoint Realty Inc
Nearby School & Business
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