This Multifamily Property is no longer advertised on LoopNet.com.

4275 48th St
San Diego, CA 92115

Huge Price Reduction $400k- 16 Units 92115 · Multifamily Property For Sale · 16 Units

INVESTMENT HIGHLIGHTS

  • Financing Offered With $3,000,000 loan (72% LTV). Please Inquire w/ Agent
  • Studio Units Added w/Permits in Past 6 Years
  • Excellent Unit Mix Consisting of 10-1bd/1bth, 4-2bd/1.5bt & 2 Studio Units
  • Easy Value Add Opportunity. Moderate Rent Increases can lead to a 7% Yield on Cost
  • Great Unit Layouts w/ Ability to Add In-Unit Washer/Dryer
  • Select Units Upgraded to Provide Proof of Concept. Still Upside on Majority of Units

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 9,990 SF
Average Occupancy 100%
No. Stories 2
Year Built 1969
Parking Ratio 1.6/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Range

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 2 $1,576 350
1+1 10 $1,799 580
2+1.5 4 $2,125 850

PROPERTY TAXES

ZONING

Zoning Code RM-1-1
  • Listing ID: 30605661

  • Date on Market: 1/8/2024

  • Last Updated:

  • Address: 4275 48th St, San Diego, CA 92115