4140 48th St - Apartments FOR SALE


San Diego, CA 92105
$2,095,000 USD
619-226-6011
4140 48th St, San Diego, CA for Sale
$2,095,000 USD
Apartments - FOR SALE
1/14
null | 5.65% Cap Rate

4140 48th St
San Diego, CA 92105


HIGHLIGHTS

  • High Rental Market
  • Large Units, Strong Unit Mix
  • New Stainless Appliances
  • FAR Tier 3: 6.5FAR
  • Turn Key
  • Five Tandem Parking Spaces

OVERVIEW

We are pleased to present this beautiful turnkey four-unit property on 48th St. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances, new kitchens & bathrooms. Current gross rental income is $13,200 per month. The property also lies in the complete communities map allowing for significant bonus density for development.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

4

PRICE/UNIT

$523,750

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.65% CAP FOURPLEX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

4

APN/PARCEL ID

471-411-22

ASK ABOUT THIS PROPERTY

Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.