Suntide Apartments 4480 49th St 16 Unit Apartment Building $4,560,000 ($285,000/Unit) 3.60% Cap Rate San Diego, CA 92115

CBRE proudly presents for sale 4480 49th St, a prime 16-unit apartment complex located in the Talmadge neighborhood of San Diego, CA. This meticulously maintained property features sixteen spacious 1-bedroom units. Residents enjoy the outdoor patios and balconies in select units. The upstairs units are equipped with vaulted beam ceilings, offering a unique appeal and potential for rental premiums. The complex offers onsite laundry, fifteen off-street parking spots, ample outdoor space, and lush greenery, creating a serene living environment. Nestled in the heart of Talmadge, this property benefits from the neighborhood’ s vibrant community spirit, picturesque
tree-lined streets, and rich architectural heritage. With a Walk Score of 83, residents will find it very walkable, enjoying easy access to charming cafes, boutique shops, and local parks. Talmadge’s central location provides quick routes to major freeways, downtown San Diego, Balboa Park, and the stunning beaches. This property presents a strong value-add investment opportunity, with the potential to achieve a strong pro-forma cap rate through interior renovations.