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49th Street Villas 4334 49th St

9 Unit Apartment Building $2,875,000 ($319,444/Unit) 4.75% Cap Rate San Diego, CA 92115

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Investment Highlights

Sub $400 price per sq ft
Over 7000 sq ft on double lot

Strong income + upside in rents

Executive Summary

Introducing 4334 49th Street, an extremely well-maintained 9-unit multifamily property with strong rental income. This two-story building features a desirable unit mix of one 1-bed/1-bath and eight 2-bed/1-bath units, offering a total of 7,331 rentable square feet. Tenants enjoy private balcony access, enhancing their living experience with outdoor space. The property sits on a generous double lot spanning 7,690 square feet, providing ample space and potential for future development under its CT-2-3 zoning designation and Complete Communities Tier 3, allowing for a 6.5 Floor Area Ratio (FAR). With on-site amenities such as a laundry room and 12 parking spaces, this property is especially appealing to tenants. Located in thriving City Heights, 4334 49th Street offers easy access to shopping, dining, schools, and public transportation, ensuring strong tenant demand and low vacancy rates.

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,875,000	Building Class	C
Price Per Unit	$319,444	Lot Size	0.17 AC
Sale Type	Investment	Building Size	7,102 SF
Cap Rate	4.75%	Average Occupancy	100%
Gross Rent Multiplier	13.61	No. Stories	2
No. Units	9	Year Built/Renovated	1973/2018
Property Type	Multifamily	Parking Ratio	1.69/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,875,000
Price Per Unit	$319,444
Sale Type	Investment
Cap Rate	4.75%
Gross Rent Multiplier	13.61
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.17 AC
Building Size	7,102 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1973/2018
Parking Ratio	1.69/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.