4480 49th St - Apartments FOR SALE


San Diego, CA 92115- Talmadge
$4,885,000 USD
617-678-8377
4480 49th St, San Diego, CA for Sale
$4,885,000 USD
Apartments - FOR SALE
1/12
null | 3.27% Cap Rate

4480 49th St
San Diego, CA 92115
Talmadge


HIGHLIGHTS

  • To Be Sold Together or Seperately with 4053 Hamilton St
  • Substantial Rent Increases Through Interior Renovations
  • Spacious Outdoor Communal Areas and Onsite Laundry
  • Upstairs Units Feature Vaulted Ceilings
  • Roofs Redone in Last Five Years
  • LCS Leak Control

OVERVIEW

CBRE proudly presents for sale 4480 49th St, a prime 16-unit apartment complex located in the Talmadge neighborhood of San Diego, CA. This meticulously maintained property features sixteen spacious 1-bedroom units. Residents enjoy the outdoor patios and balconies in select units. The upstairs units are equipped with vaulted beam ceilings, offering a unique appeal and potential for rental premiums. The complex offers onsite laundry, fifteen off-street parking spots, ample outdoor space, and lush greenery, creating a serene living environment. Nestled in the heart of Talmadge, this property benefits from the neighborhood’ s vibrant community spirit, picturesque tree-lined streets, and rich architectural heritage. With a Walk Score of 83, residents will find it very walkable, enjoying easy access to charming cafes, boutique shops, and local parks. Talmadge’s central location provides quick routes to major freeways, downtown San Diego, Balboa Park, and the stunning beaches. This property presents a strong value-add investment opportunity, with the potential to achieve a strong pro-forma cap rate through interior renovations.

FOR SALE DETAILS

PRICE

$4,885,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

16

PRICE/UNIT

$305,313

CAP RATE

3.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suntide Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R4, San Diego

APN/PARCEL ID

471-141-17

ASK ABOUT THIS PROPERTY

Jordan BarrCBREMore Info
617-678-8377

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Jordan BarrCBREMore Info
617-678-8377

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