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27926069
27926072

4062 49th St, San Diego, CA 92105 For Sale

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego
$2,275,000
262 days on market
Updated 24 days ago
Opportunity zone

9 Remodeled Units City Heights

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,190
Net Rentable (SqFt) 5,190
Units 9
Cap Rate 6.25%
NOI $142,287
Occupancy 100%
Pro-Forma Cap Rate 6.6%
Pro-Forma NOI $150,097
Price per SqFt $438
Broker Co-Op Yes
Class C
Year Built 1968
Buildings 1
Stories 2
Lot Size (SqFt) 5,739
Parking Spaces 9 spaces
Parking per 1,000 SqFt 1.73
Investment Type Stabilized

6.3% Current Cap Rate

Marketing description

4062 49th Street is a 9-unit complex in City Heights with plenty of parking. The 5,190 square foot building built in 1968 is situated on a 5,739 square foot lot. There are nine 1 Bedroom / 1 Bathroom units. All units have been completely remodeled in 2025. There was a new roof installed as well as stucco repair, exterior repaint, new security doors, and water proofing of the balconies. All unit interiors feature new canned lighting, window coverings and vinyl plank flooring with new baseboards. All units have new appliances and electric wall heaters powered by new sub panels. Plumbing was replaced with copper and ABS as needed. The kitchens and bathrooms feature new cabinets, fixtures, hardware, and quartz countertops. There is an onsite laundry facility that has been expanded and has new machines. The property is located in City Heights, close to the transit and shopping off El Cajon Blvd.

The property is located on a quiet residential street in the Teralta East submarket of City Heights just south of Talmadge. The 'Colina del Sol' neighborhood is named after the large park and recreation area that is a half mile walking distance away. It is located a few hundred feet from the shopping and transit on El Cajon Boulevard and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby. The College Area with the San Diego State University Campus is just 3 miles away as are the popular urban areas of Kensington, North Park, Hillcrest, and Normal Heights.

Socially and economically, Central San Diego has a high concentration of businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways including the Interstates 8 and 15 with close access to the coast, beaches, business districts, downtown, and Mexico.

PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

Listing Contacts

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$142,287.00
$11,857.25/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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