Skip To Content

4444 49th Street

San Diego, CA 92115
  • $2,300,000
  • STATUS: ACTIVE
  • ON SITE: 32 Days
  • ID#: 220017232
UPDATED: 144 min ago
$2,300,000
  • 8
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 2,108
    SQFT
  • $1,091
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. Plans have been submitted to the City of San Diego to construct an 800 square foot 2 bed/2bath ADU & carport in the rear of the property. Anticipated approval is in approximately 1 week giving a new owner the opportunity to add an additional income stream to the property. Seller will Carry Short Term 1st TD w/30% Down.

Monthly Payment Calculator

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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/130602170
Print Image

4444 49th Street San Diego, CA 92115

  • Price: $2,300,000
  • Status: ACTIVE
  • On Site: 32 Days
  • Updated: 144 min ago
  • ID#: 220017232
8
Beds
8
Baths
0
½ Baths
N/A
Acres
2,108
SQFT
$1,091
$/SQFT
1962
Built
Neighborhood:
Talmadge
County:
San Diego
Area:
San Diego (92115)
Property Description
The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. Plans have been submitted to the City of San Diego to construct an 800 square foot 2 bed/2bath ADU & carport in the rear of the property. Anticipated approval is in approximately 1 week giving a new owner the opportunity to add an additional income stream to the property. Seller will Carry Short Term 1st TD w/30% Down.
Exterior Features

Exterior Stucco Fencing Partial 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 N/K 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 Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 8 Units With Refrigerators 8 Units With Washers 0

Property Features

Actual Cap Rate 2.78 Additional Property Use Ormks Age Restrictions N/K Annual Expense Actual 52571 Annual Expense Projected 57758 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Talmadge Complex Park None Cross Streets El Cajon Blvd Gross Rent Multiplier Actual 19.23 Gross Rent Multiplier Project 10.22 Gross Scheduled Income Actual 119616 Gross Scheduled Income Project 225120 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 162408 Other Fees 0.0 Other Income Actual 396 Projected Cap Rate 7.06 Projected Other Income 1800.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 1146 Unit1 Occupied Tenant Unit1 Projected Rent 1995.0 Unit1 Rent Actual 1146.0 Unit2 Deposit 1309 Unit2 Occupied Tenant Unit2 Projected Rent 1995.0 Unit2 Rent Actual 1309.0 Unit3 Deposit 1309 Unit3 Occupied Tenant Unit3 Projected Rent 1995 Unit3 Rent Actual 1309.0 Unit4 Deposit 1364 Unit4 Occupied Tenant Unit4 Projected Rent 1995 Unit4 Rent Actual 1364.0

San Diego MLS logo Listing provided courtesy of Acre Investment Real Estate. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220017232-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220017232-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220017232-2.jpg
Logo
Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101