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CALIFORNIA PACIFIC FUNDING AND REALTY INC
4140 48th St, East San Diego, CA 92105
- $1,995,000
- 14
- BD
- 8
- BA
- List Price
- $1,995,000
- Days on Market
- 8
- Status
- ACTIVE
- MLS#
- 260024782
- Bedrooms
- 14
- Bathrooms
- 8
- City
- East San Diego
- Neighborhood
- City Heights
- Complex/Building Name
- N/A
- Property Type
- Multifamily
- Year Built
- 1964
Property Description
4140 48th Street, San Diego, CA presents a stabilized investment opportunity in the heart of the Colina del Sol neighborhood. This fully renovated multifamily asset, originally built in 1964, comprises 4 units featuring a rare, large-format mix of two 3-bedroom/2-bathroom and two 4-bedroom/2-bathroom configurations. The property encompasses 4,180 gross square feet on a 6,397 square foot parcel, offering significant density in a supply-constrained market. With a current purchase price of $1,995,000, the asset delivers immediate cash flow with a capitalization rate of 5.60% and a Gross Rent Multiplier of 13.0, metrics that reflect the premium quality of the recent turnkey renovations and the asset's operational efficiency.
Additional Information
- Building Name
- N/A
- Cooling
- Zoned
- Neighborhood
- City Heights
- Roof
- Composition
- Tenant Pays
- Cable TV, Electricity, Gas/Propane
- Year Built
- 1964
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Listing courtesy of Listing Agent: Adrian Gonzalez-Pureco (858-735-9977) from Listing Office: Bridgepoint Realty Inc.
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