Listing provided courtesy of Jordan Concepcion of Apartment Realty Group (ARG). Last updated 2024-12-15 09:38:42.000000. Listing information © 2024 Sandicor.
Asking Price: $2,100,000
4085 49th Street, San Diego CA 92105
Community: 92105 - East San Diego
This Commercial/Residential property was built in 0 and is priced at $2,100,000. Please see the additional details below.
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.
