4085 49th St - Apartments FOR SALE


San Diego, CA 92105
$2,100,000 USD
858-461-9910
4085 49th St, San Diego, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/16
null | 5.77% Cap Rate

4085 49th St
San Diego, CA 92105


HIGHLIGHTS

  • Owner Has Plans to Build 4 More ADUs on Property (Inquire w/ Agent) -Proposed Conversion 1822 additional Sq. Ft -Conversion of Existing Garages
  • 6 Garages On-Site
  • Primarily 2br Units w/ Patios and Balconies
  • Renovated Interiors

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

5.77%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mainly 2br Units w/ 6 Garages and ADU Plans

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MR-1500B, San Diego

APN/PARCEL ID

471-442-22-00

ASK ABOUT THIS PROPERTY

858-461-9910

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858-461-9910

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