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  • MLS#: 250030908SD ( )
  • Street Address: 4444 49th St
  • Viewed: 2
  • Price: $2,699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92115
  • Subdivision: Talmadge
  • Provided by: Millennial Realty Group
  • Contact: Christian Christian
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Turnkey 8 Unit Investment Near SDSU | Fully Renovated | Strong Cash Flow Exceptional opportunity to acquire a stabilized, income producing 8 unit multifamily property located just minutes from SDSU and the rapidly expanding College Area. This fully remodeled asset consists of eight 1 bed/1 bath unitssix of which are currently leased as mid term rentals, generating above market rents due to high demand from traveling professionals and students. Annual Gross Scheduled Income: ~$232,800 Price: $2,599,000 GRM: ~11.16 Estimated Cap Rate: ~5.8% (based on actual mid term rental income & market expenses) Unit Mix: (8) 1 Bed / 1 Bath Current Occupancy: 100% Parking: 11 dedicated spaces Laundry: On site Walk Score: 91 highly walkable to retail, dining, and public transportation Each unit has been tastefully upgraded with modern kitchens, bathrooms, luxury vinyl flooring, stainless steel appliances, and new lighting throughout. With low maintenance needs and consistent occupancy, this asset offers a unique opportunity for investors seeking both immediate cash flow and long term appreciation in one of San Diegos most desirable rental markets. Whether you continue operating it as a mid term rental powerhouse or transition to long term tenants, the upside is significant in this high demand submarket.
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Features
Association Fee
  1. 0.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Electric
Levels
  1. Two
Lot Features
  1. Sprinklers Drip System
Netoperatingincome
  1. 52697.00
Parcel Number
  1. 4711410800
Park Name
  1. Complex
Pool Features
  1. None
Sourcesystemkey
  1. 250030908:SDP
Subdivision Name Other
  1. Talmadge
Tenant Pays
  1. See Remarks
View
  1. See Remarks
Water Source
  1. See Remarks
Year Built
  1. 2022
Zoning
  1. R-4