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4444 49th Street

San Diego CA 92115

4
4
2280 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

HUGE PRICE REDUCTION! $350,000!!! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,250,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income.

Features

4 bedrooms
4 bathrooms
2280 sq. ft. floor area
Multi-Family

Property history for 4444 49th Street

2021
Sold
$1,685,000
08 Feb 2021 by Dylan Wright, of Acre Investment Real Estate

Happy sellers in San Diego

<50%
Less than 50% of sellers in San Diego reported that their sale price either exceeded or met their price expectations.

San Diego stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in San Diego over the last 12 months.

Local market activity for 4 bedroom multi families in San Diego

In the last 12 months, 5 four-bedroom multi families similar to 4444 49th Street, have been sold.

This represents a 17% increase in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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