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Property Description

High-performing 7-unit property with strong financials. Offering a 5.77% current cap rate and 11.28 GRM, this investment delivers immediate cash flow with room for upside. The property features a desirable unit mix: 3 spacious 2-bedroom/2-bath units, 2 well-appointed 2-bedroom/1-bath units, and 2 charming 1-bedroom units. Interiors have been fully renovated, showcasing new laminate flooring, quartz countertops, updated kitchens, and tiled bathrooms. Additional upgrades include a new roof and energy-efficient windows. The property includes 6 garages, with plans underway to convert them into 4 ADUs (anticipated completion of plans in Q1 2025—contact agent for details). Current rents do not reflect the value of the garages, offering further income potential through leasing or ADU conversion. This is a turnkey asset with both stability and growth potential.

Additional Information
Apartment Realty Group (ARG)
0
SAND-670002
SAND-60078
Jordan
4714422200

Commercial Sale For Sale

4085 49th Street, San Diego, California 92105

$2,100,000
Listing ID #240028216SD
Basic Details
Status : Active
DaysOnMarket : 1
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240028216SD
Price : $2,100,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92105
ModificationTimestamp : 2024-12-10 15:25:45
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