Date
Details
Price
Change
Source
4/09/2026
Listed
$1,548,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,548,000 Just Listed
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Property Description
Turnkey 4-Unit Investment Opportunity - Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.6 & 5.85% Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Full Property Details
Full Property Details for 2985-87 54th St
General
- Price: $1,548,000
- Status: Active
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 260008464
- Updated: 4/10/2026
- Added to Site: 3 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 10
Additional Information
- Pool: Yes
Location
- Area: EAST SAN DIEGO (92105)
- County: San Diego
- Subdivision: SAN DIEGO
- Neighborhood: Oak Park
- Complex: Furlow Heights
- Driving Directions: 54th to 54th Frontage Street, between College Grove and Redwood
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Wall/Window Air Conditioning
- Heating Type: Combination Heating
- Heating Fuel: Electric
Utilities
- Water: Meter on Property
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Stucco, Wood
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,989
- Year Built: 1951
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 5,975
- Lot Size: .14
- Zoning: R-3:RESTRI
- Fencing (Description): Full
Financial Considerations
- Terms: Cal Vet, Cash, Conventional, FHA, Special Funding, VA
- Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Water
Disclosures and Reports
- Property ID: 477-341-01-00
Listed by OnQu Realty (619) 462-6678, Mark Revetta
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Listing agent
— 2985-87 54th St —
Mark Revetta
OnQu Realty
mark@889mark.com
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 2985-87 54th St
Estimate the Cost
Estimate the Cost for 2985-87 54th St
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- Single Family
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2985-87 54th St, San Diego, CA 92105 (MLS# 260008464) is a Multi-Family property with 4 units containing 10 bedrooms and 6 full bathrooms. 2985-87 54th St is currently listed for $1,548,000 and was received on April 09, 2026. Want to learn more about 2985-87 54th St? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.