4077 48th Street

    San Diego, CA 92105
    • $1,950,000
    • STATUS: ACTIVE
    • ON SITE: 55 days
    • ID#: 200016146
    UPDATED: 81 min ago
    $1,950,000
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 4077 48th Street apartments, a well maintained 10-unit property located in the bustling City Heights neighborhood of San Diego, California. Constructed in 1985, the property is positioned on 0.15 acres and is comprised of 10 one-bedroom/one-bathroom apartments. Residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. Countless retailers, restaurants, and services are nearby. This property presents an option for an investor to purchase a true value-add investment. Offered free-and-clear of debt, allowing investors the opportunity to take advantage of today's historically low-interest rates.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/104856314

    4077 48th Street San Diego, CA 92105

    • Price: $1,950,000
    • Status: ACTIVE
    • Updated: 81 min ago
    • ID#: 200016146
    1
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    We are pleased to present 4077 48th Street apartments, a well maintained 10-unit property located in the bustling City Heights neighborhood of San Diego, California. Constructed in 1985, the property is positioned on 0.15 acres and is comprised of 10 one-bedroom/one-bathroom apartments. Residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. Countless retailers, restaurants, and services are nearby. This property presents an option for an investor to purchase a true value-add investment. Offered free-and-clear of debt, allowing investors the opportunity to take advantage of today's historically low-interest rates.
    Interior Features

    Sq Ft Of Improvement 5200

    Property Features

    Actual Gross Scheduled Income 131085.0 Actual Operating Expense 51908 Assumable Finance 0 Gross Equity 1950000 Gross Multiplier 14.72 Have 10 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Short Sale No Unit Number1 10

    Listing provided courtesy of Marcus & Millichap. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101