4275 48th St - Apartments FOR SALE


San Diego, CA 92115- Colina Del Sol
$4,190,000 USD
858-461-9910
4275 48th St, San Diego, CA for Sale
$4,190,000 USD
Apartments - FOR SALE
1/19
null | 6.13% Cap Rate

4275 48th St
San Diego, CA 92115
Colina Del Sol


HIGHLIGHTS

  • Strong In Place Cap Rate w/ Opportunity to Raise Rent's Without Large Construction Costs
  • Easy Value Add Opportunity. Moderate Rent Increases can lead to a 7% Yield on Cost
  • Studio Units Added w/Permits in Past 6 Years
  • 6 of 16 Units Have In Unit Washer/Dryer

OVERVIEW

Available-16-unit apartment property located at 4275 48th St, San Diego, priced at $4,190,000. This asset offers strong in-place income with a 6.13% current cap rate, making it a solid cash-flowing investment from day one with upside through small interior renovations. The property features a great unit mix of studios, 1-bed/1-bath, and 2-bed/1.5-bath units, with 6 units already upgraded with in-unit washer/dryers. Permitted studio additions and well-designed layouts provide additional value-add potential through moderate rent increases. A rare opportunity to acquire a stabilized multifamily asset in a high-demand rental market.

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

16

PRICE/UNIT

$261,875

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM-1-1

APN/PARCEL ID

471-322-36

ASK ABOUT THIS PROPERTY

858-461-9910

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858-461-9910

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