Active
Property Description
Commercial Asset Advisors is pleased to present the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics at a 5.22% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 6.45%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.
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Address Map
U.S.
California
San Diego
San Diego
92105
2642 48 44th Street
0
W118° 53' 59.9''
N32° 44' 3''
MLS Addon
Residential Income For Sale San Diego
2642 48 44th Street, San Diego, San Diego, California, 92105
9,391 Acre
Visits : 2 in 8 days
$2,475,000
Listing ID #PTP2405613
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PTP2405613
Price : $2,475,000
Year Built : 1984
Lot Area : 9,391 Acre
Status : Active
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
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