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4140 48th St

San Diego, CA 92105
  • $2,095,000
  • STATUS: ACTIVE
  • ON SITE: 201 Days
  • ID#: 230019387
$2,095,000
  • 14
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,120
    SQFT
  • $508
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

We are pleased to present this turnkey four-unit property. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances and new kitchens & bathrooms. Current gross rental income is $13,200 per month / 5.29% CAP. The property also lies in the complete communities map (FAR Tier 3: 6.5 FAR) allowing for significant bonus density for development. Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/143992148
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4140 48th St San Diego, CA 92105

  • Price: $2,095,000
  • Status: ACTIVE
  • On Site: 201 Days
  • ID#: 230019387
14
Beds
8
Baths
0
½ Baths
N/A
Acres
4,120
SQFT
$508
$/SQFT
1964
Built
Neighborhood:
Colina Del Sol
County:
San Diego
Area:
East San Diego (92105)
Property Description
We are pleased to present this turnkey four-unit property. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances and new kitchens & bathrooms. Current gross rental income is $13,200 per month / 5.29% CAP. The property also lies in the complete communities map (FAR Tier 3: 6.5 FAR) allowing for significant bonus density for development. Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***
Exterior Features

Exterior Wood/Stucco Fencing Full Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 5.25 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 43561 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community CITY HEIGHTS Complex Park n/a Cross Streets Orange Ave Gross Rent Multiplier Actual 13.3 Gross Rent Multiplier Project 12.7 Gross Scheduled Income Actual 157440 Gross Scheduled Income Project 163360 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 117666 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.62 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 3200 Unit1 Occupied Tenant Unit1 Projected Rent 3595.0 Unit1 Rent Actual 3420.0 Unit2 Deposit 5600 Unit2 Occupied Tenant Unit2 Projected Rent 3295.0 Unit2 Rent Actual 3080.0 Unit3 Deposit 3500 Unit3 Occupied Tenant Unit3 Projected Rent 3595 Unit3 Rent Actual 3500.0 Unit4 Deposit 3200 Unit4 Occupied Tenant Unit4 Projected Rent 3295 Unit4 Rent Actual 3200.0

San Diego MLS logo Listing provided courtesy of Alexio Barbara of South Coast Commercial, Inc.: 760-419-1343. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101