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Multifamily

4328 48th Street

4328 48th St, San Diego, CA 92115

Listing Price: $2,000,000

Cap Rate
3.16%
Number of Units
8
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$382.85
Gross SF
5,224

Investment Overview

We are pleased to present 4328 48th Street, an eight unit apartment building in the low vacancy neighborhood of City Heights, in San Diego, California. Nestled in close proximity to the main retail corridor of El Cajon Boulevard, the subject property boasts direct access to interstate 15 and Interstate 8 freeways. The units consist of three 2 bedroom 1 bathroom units and five, 1 bedroom 1 bathroom units. The property offers five on-site tandem parking spaces along 48th Street and two large double-car garages in the rear for a total of 15 spaces. There is an opportunity to improve unit interiors to realize rental upside. Tenants enjoy close and direct access to many community amenities such as the City Heights Recreation Center, Highland and Landis Park, the City Heights Retail Village, and the new Copley-Price Family YMCA. This offering will provide investors the opportunity to own in a gentrifying location near numerous comparable multifamily properties.

Investment Highlights

  • unit mix of one- and two-bedroom units
  • Ample on-site parking and garages
  • Walk score of 87, close proximity to grocery, retail, and rstaurants

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
3.16%
Number of Units
8
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$382.85
Gross SF
5,224

Investment Highlights

  • unit mix of one- and two-bedroom units
  • Ample on-site parking and garages
  • Walk score of 87, close proximity to grocery, retail, and rstaurants

Investment Overview

We are pleased to present 4328 48th Street, an eight unit apartment building in the low vacancy neighborhood of City Heights, in San Diego, California. Nestled in close proximity to the main retail corridor of El Cajon Boulevard, the subject property boasts direct access to interstate 15 and Interstate 8 freeways. The units consist of three 2 bedroom 1 bathroom units and five, 1 bedroom 1 bathroom units. The property offers five on-site tandem parking spaces along 48th Street and two large double-car garages in the rear for a total of 15 spaces. There is an opportunity to improve unit interiors to realize rental upside. Tenants enjoy close and direct access to many community amenities such as the City Heights Recreation Center, Highland and Landis Park, the City Heights Retail Village, and the new Copley-Price Family YMCA. This offering will provide investors the opportunity to own in a gentrifying location near numerous comparable multifamily properties.

Exclusively Listed By

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