Multifamily

3536 & 3542-44 47th Street

3536 47th St, San Diego, CA 92105

Listing Price: $1,250,000

Cap Rate
3.61%
Number of Units
3
GRM
17.16
Occupancy
97.00%
Price/Unit
$416,667
Price/Gross SF
$420.31
Gross SF
2,974

Investment Overview

Marcus & Millichap is pleased to present for Sale the Opportunity to Own Three Detached Houses on Two Separate, Adjacent Parcels totaling .22 Acres (9,767 square feet) of Lot Space. Located in the Fairmount Village District of City Heights San Diego, California; are 3536 47th Street a recently remodeled 935 square foot 2-Bedroom/2-Bath House (APN: 476-061-20-00); 3542 a 1,036 square foot 3-Bed/2-Bath House (APN: 476-061-21-00); and 3544 a 1,003 square foot 2-Bedroom/1-Bath House. The single-family residence at 3536 47th Street includes a detached garage that might be best suited for conversion in to an ADU (Accessory Dwelling Unit) for an income seeking investor. The property features gated parking in the rear of the building and a large shared yard that could be split up for each individual house.
This Investment Opportunity is Located less than a block from the Euclid Avenue Major Thoroughfare, which connects tenants to Home Avenue, University Avenue, El Cajon Boulevard, and Interstates 8 & 805. A New Investor can get creative and create a large shared space for all Three Houses or individual private yards. This Investment Opportunity is ideal for an owner-user or Value-Add seeking Investor to live in one of the units while renovating and remodeling the remaining Houses. The new investor will be able to take advantage of Today's Historically Low Interest Rates and acquire a rare property in one of San Diego's Most Stable Rental Markets.

Investment Highlights

  • Located in Predominantly Residential Neighborhood of Fairmount Village
  • Potential Garage Conversion to ADU (Accessory Dwelling Unit)
  • Quick and Convenient Access to Major San Diego Interstates
  • Three Houses On Two Adjacent Lots

Exclusively Listed By

  • Tom McCartin

    First Vice President Investments

    (858) 373-3196

    Email Tom

    License(s): CA: 01427348

    San Diego

  • Pietro A. DeLuca

    Associate

    Email Pietro

    License(s): CA: 02010070

    San Diego

Multifamily

3536 & 3542-44 47th Street

Listing Price: $1,250,000

Cap Rate
3.61%
Number of Units
3
GRM
17.16
Occupancy
97.00%
Price/Unit
$416,667
Price/Gross SF
$420.31
Gross SF
2,974

Investment Highlights

  • Located in Predominantly Residential Neighborhood of Fairmount Village
  • Potential Garage Conversion to ADU (Accessory Dwelling Unit)
  • Quick and Convenient Access to Major San Diego Interstates
  • Three Houses On Two Adjacent Lots

Investment Overview

Marcus & Millichap is pleased to present for Sale the Opportunity to Own Three Detached Houses on Two Separate, Adjacent Parcels totaling .22 Acres (9,767 square feet) of Lot Space. Located in the Fairmount Village District of City Heights San Diego, California; are 3536 47th Street a recently remodeled 935 square foot 2-Bedroom/2-Bath House (APN: 476-061-20-00); 3542 a 1,036 square foot 3-Bed/2-Bath House (APN: 476-061-21-00); and 3544 a 1,003 square foot 2-Bedroom/1-Bath House. The single-family residence at 3536 47th Street includes a detached garage that might be best suited for conversion in to an ADU (Accessory Dwelling Unit) for an income seeking investor. The property features gated parking in the rear of the building and a large shared yard that could be split up for each individual house.
This Investment Opportunity is Located less than a block from the Euclid Avenue Major Thoroughfare, which connects tenants to Home Avenue, University Avenue, El Cajon Boulevard, and Interstates 8 & 805. A New Investor can get creative and create a large shared space for all Three Houses or individual private yards. This Investment Opportunity is ideal for an owner-user or Value-Add seeking Investor to live in one of the units while renovating and remodeling the remaining Houses. The new investor will be able to take advantage of Today's Historically Low Interest Rates and acquire a rare property in one of San Diego's Most Stable Rental Markets.

Exclusively Listed By

  • Tom McCartin

    First Vice President Investments

    (858) 373-3196

    Email Tom

    License(s): CA: 01427348

    San Diego

  • Pietro A. DeLuca

    Associate

    Email Pietro

    License(s): CA: 02010070

    San Diego

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