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4275 48th St
San Diego, CA 92115
Huge Price Reduction $400k- 16 Units 92115 · Multifamily Property For Sale
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16 Units
Investment Highlights
- Financing Offered With $3,000,000 loan (72% LTV). Please Inquire w/ Agent
- Studio Units Added w/Permits in Past 6 Years
- Excellent Unit Mix Consisting of 10-1bd/1bth, 4-2bd/1.5bt & 2 Studio Units
- Easy Value Add Opportunity. Moderate Rent Increases can lead to a 7% Yield on Cost
- Great Unit Layouts w/ Ability to Add In-Unit Washer/Dryer
- Select Units Upgraded to Provide Proof of Concept. Still Upside on Majority of Units
Property Facts
| No. Units | 16 | Building Size | 9,990 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | RM-1-1 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,990 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,576 | 350 |
| 1+1 | 10 | $1,799 | 580 |
| 2+1.5 | 4 | $2,125 | 850 |
Property Taxes
| Parcel Number | 471-322-36 | Improvements Assessment | $1,508,759 |
| Land Assessment | $812,407 | Total Assessment | $2,321,166 |
Property Taxes
Parcel Number
471-322-36
Land Assessment
$812,407
Improvements Assessment
$1,508,759
Total Assessment
$2,321,166
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