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2985 54th St - 2985-87 54th St 92105 2,529 SF Specialty Building Offered at $1,548,000 at a 5.84% Cap Rate in San Diego, CA 92105
Investment Highlights
- 5.84% Cap Rate / 12.6 Gross Rent Multiplier
- All 4 units have A/C, Heat and all new kitchen appliances
- All 4 Units Remodeled and have own in unit laundry
Executive Summary
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! See Virtual Tour for interior pics. Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.6 & 5.85% Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away. Garage conversion and address update fully permitted by City of San Diego. Ask Broker to forward plans. File too large to upload into MLS. 2,989sf. Tax Rolls not updated yet. No sign up.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$90,405
|
$35.75
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $90,405 |
| Annual Per SF | $35.75 |
Property Facts
Amenities
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 477-341-01 | Improvements Assessment | $332,928 (2025) |
| Land Assessment | $499,392 (2025) | Total Assessment | $832,320 (2025) |
Property Taxes
Parcel Number
477-341-01
Land Assessment
$499,392 (2025)
Improvements Assessment
$332,928 (2025)
Total Assessment
$832,320 (2025)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
OnQu Realty
2985 54th St - 2985-87 54th St 92105
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