2642 48 44th Street
San Diego, CA 92105
- – beds
- – baths
- – sqft
- 9,391 sqft lot
- 1984 build
- – on site
2642-48 44th St presents the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics with $205,752 in gross annual income yielding a 5.68% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 6.81%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.
Last checked:
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Last updated Oct 28, 2024
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MLS# PTP2405613 —
The Building
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Year Built:1984
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:6185.00
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# of Buildings:3
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Total Number Of Units:9
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Entry Location:street
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Fireplace:No
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Laundry:None
Location
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Directions:gps
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Latitude:32.73417300
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Longitude:-117.10001900
The Property
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Property Type:Residential Income
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Zoning:Multifamily
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Lot Features:21-25 Units/Acre
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Lot Size Area:9391.0000
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Lot Size Acres:0.2156
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Lot Size SqFt:9391.00
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Lot Size Source:Public Records
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Fence:No
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Property Attached:1
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:956
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Tax Lot:956
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4764913300
Heating & Cooling
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Cooling:No
Utilities
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Sewer:Public Sewer
Appliances
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Included:No
The Community
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Senior Community:No
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Neighborhood:City Heights
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Features:Curbs
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Pool:None
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Private Pool:No
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Association:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/16/24
Oct 16, 2024
|
Price Changed | CRMLS_CA | $2,399,999 | 0.0% |
|
10/3/24
Oct 3, 2024
|
Price Changed | CRMLS_CA | $2,400,000 | -3.0% |
|
9/12/24
Sep 12, 2024
|
Listed / Active | CRMLS_CA | $2,475,000 |
