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4275 48th St

San Diego, CA 92115
  • $4,695,000
  • STATUS: ACTIVE
  • ON SITE: 36 Days
  • ID#: 240011036
$4,695,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

BIG PRICE IMPROVEMENT- DOWN $300k w/ increased income. Excellent Value-Add w/ moderate renovations needed to achieve 6.63%+ cap rate. ADU potential for 1-2 more units. 16 unit property in Colina Del Sol in San Diego. This one building property contains an excellent unit mix of 10 1bd/1bt units, 4 2bd/1.5bt units and 2 Studios. Majority of the units have recently been remodeled with new laminate flooring, paint, stainless steel appliances, tiled showers, AC (in select units), new cabinets, quartz countertops, and the newest 1br remodel has in-unit washer/dryer. This property has been well maintained and can offer upside in rents with minimal remodeling required.

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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/150644999
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4275 48th St San Diego, CA 92115

  • Price: $4,695,000
  • Status: ACTIVE
  • On Site: 36 Days
  • ID#: 240011036
3
Beds
3
Baths
1
½ Baths
N/A
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
BIG PRICE IMPROVEMENT- DOWN $300k w/ increased income. Excellent Value-Add w/ moderate renovations needed to achieve 6.63%+ cap rate. ADU potential for 1-2 more units. 16 unit property in Colina Del Sol in San Diego. This one building property contains an excellent unit mix of 10 1bd/1bt units, 4 2bd/1.5bt units and 2 Studios. Majority of the units have recently been remodeled with new laminate flooring, paint, stainless steel appliances, tiled showers, AC (in select units), new cabinets, quartz countertops, and the newest 1br remodel has in-unit washer/dryer. This property has been well maintained and can offer upside in rents with minimal remodeling required.
Interior Features

Sq Ft Of Improvement 9990 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No

Property Features

Actual Cap Rate 5.02 Actual Gross Scheduled Income 343944.0 Actual Operating Expense 98013 Assumable Finance 0 Buildings 1 Gross Equity 4695000 Gross Multiplier 13.65 Have Property Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Projected Cap Rate 6.63 Projected Gross Multiplier 11.04 Projected Gross Operating Inc 425400 Projected Operating Expense 101573 Unit Number1 10 Unit Number2 4 Unit Number3 2 Unit Rent1 $1424-$2045 Unit Rent2 $1754-$2495 Unit Rent3 $1424-$1495

San Diego MLS logo Listing provided courtesy of Jordan Concepcion of Keller Williams Realty: 858-461-9910. 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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