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Multifamily

4133 48th Street

4133 48th St, San Diego, CA 92105

Listing Price: $2,300,000

Cap Rate
3.50%
Number of Units
10
Occupancy
100.0%
Price/Unit
$230,000

Investment Overview

The Zorbas Group of Marcus & Millichap is pleased to present 4133 48th St, a 10-unit community located in City Heights, San Diego. Built in 1959 on a 0.14-acre lot, the property is comprised of two (2) studios, six (6) one-bedroom/one-bathroom and two (2) two-bedroom/one-bathroom units totaling approximately 5,664 of rentable square feet. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The Residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit-oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. Countless retailers, restaurants, and services are also nearby. This property is one of three properties being offered up for sale in a small City Heights portfolio. This provides an investor the rare opportunity to purchase multiple very well-maintained and sound investments in a high demand urban rental market where public and private investment continues to increase the quality of location. Offered free and clear of debt, allowing investors to take advantage of today’s historically low interest rates.

Investment Highlights

  • True Value-Add Investment
  • Desirable unit mix of studios, one- and two-bedroom floorplans
  • This property is one of three properties being offered up for sale in a small City Heights portfolio. Each property may be purchased on an individual basis
  • Abundant on-site parking for tenants with four single-car garages
  • ADU conversion potential
  • Quick freeway access via Interstate-15
  • Offered free-and-clear of debt

Exclusively Listed By

Multifamily

4133 48th Street

Listing Price: $2,300,000

Cap Rate
3.50%
Number of Units
10
Occupancy
100.0%
Price/Unit
$230,000

Investment Highlights

  • True Value-Add Investment
  • Desirable unit mix of studios, one- and two-bedroom floorplans
  • This property is one of three properties being offered up for sale in a small City Heights portfolio. Each property may be purchased on an individual basis
  • Abundant on-site parking for tenants with four single-car garages
  • ADU conversion potential
  • Quick freeway access via Interstate-15
  • Offered free-and-clear of debt

Investment Overview

The Zorbas Group of Marcus & Millichap is pleased to present 4133 48th St, a 10-unit community located in City Heights, San Diego. Built in 1959 on a 0.14-acre lot, the property is comprised of two (2) studios, six (6) one-bedroom/one-bathroom and two (2) two-bedroom/one-bathroom units totaling approximately 5,664 of rentable square feet. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The Residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit-oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. Countless retailers, restaurants, and services are also nearby. This property is one of three properties being offered up for sale in a small City Heights portfolio. This provides an investor the rare opportunity to purchase multiple very well-maintained and sound investments in a high demand urban rental market where public and private investment continues to increase the quality of location. Offered free and clear of debt, allowing investors to take advantage of today’s historically low interest rates.

Exclusively Listed By

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