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4513 55th St
San Diego, CA 92115
4513-19 55th St · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Full Size Washer and Dryer in each unit
- Quartz countertops, quality cabinets, vinyl or hardwood flooring.
- Well maintained, pride of ownership
- All units remodeled within the past 5 years
- Wall AC units
EXECUTIVE SUMMARY
Located in City Heights, this 4-unit multifamily property at 4513–19 55th Street offers investors a well-maintained four-unit multifamily property in central San Diego. The property consists of a single residential structure built in 1948, with all units configured as 1BR–1BA layouts, a simple and efficient unit type that is easy to lease and manage.
All units include a full a size washer/dryer and have been updated with wood or vinyl plank flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Each unit includes built-in wall air conditioning, an important comfort feature for tenants in this area.
The property has been well maintained, supporting stable ownership and reducing near-term maintenance concerns. Off-street parking allows for two tandem vehicles, a practical benefit in a dense residential neighborhood.
One of the key demand drivers for this location is its proximity to San Diego State University, which supports a steady renter base of students, staff, and nearby workforce tenants. Combined with convenient access to transit, neighborhood services, and major roadways, the property offers a straightforward rental profile that is easy to understand and operate. The small unit count, uniform layout, and updated condition support a straightforward ownership profile and reliable rental income in a well-established central San Diego neighborhood.
All units include a full a size washer/dryer and have been updated with wood or vinyl plank flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Each unit includes built-in wall air conditioning, an important comfort feature for tenants in this area.
The property has been well maintained, supporting stable ownership and reducing near-term maintenance concerns. Off-street parking allows for two tandem vehicles, a practical benefit in a dense residential neighborhood.
One of the key demand drivers for this location is its proximity to San Diego State University, which supports a steady renter base of students, staff, and nearby workforce tenants. Combined with convenient access to transit, neighborhood services, and major roadways, the property offers a straightforward rental profile that is easy to understand and operate. The small unit count, uniform layout, and updated condition support a straightforward ownership profile and reliable rental income in a well-established central San Diego neighborhood.
PROPERTY FACTS
| Price Per Unit | $275,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.10% | Building Size | 1,848 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | C - Commercial | ||
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Gross Rent Multiplier | 13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 1,848 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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