2985-87 54th St, San Diego, CA 92105 - Photo 1

1/1

$1,465,000

Sold
Closed
Multi-Family
10 Total Beds
Updated 1 day ago

1/1

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 12.25 & 6%+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

Sold For: $1,465,000
Status: Closed
Type: Multi-Family
Source: SANDICOR
MLS ID: 260008464
Added to Site: 90 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
Sold by Coldwell Banker West (619) 889-6275, Tiana R San Nicolas

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code optional

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 2985-87 54th St —

Mark Revetta

OnQu Realty

mark@889mark.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 2985-87 54th St

Date

Details

Price

Change

Source

5/19/2026

Sold

$1,465,000

-2.2%

MLS

4/20/2026

Price Reduced

$1,498,000

-3.23%

MLS

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.

1004 F Ave, Coronado, CA 92118 - Photo 1

Just Listed

$4,999,000

1004 F Ave Coronado, CA 92118

Single Family
Active
Updated 1 day ago

3
Beds
4
Total Baths
2,197
Sq. Ft.

90 Montego, Coronado, CA 92118 - Photo 1

Just Listed

$1,389,000

90 Montego Coronado, CA 92118

Townhouse
Active
Updated 14 hours ago

3
Beds
3
Total Baths
1,471
Sq. Ft.

1810 Avenida Del Mundo, Coronado, CA 92118 - Photo 1

Just Listed

$2,995,000

1810 Avenida Del Mundo #505 Coronado, CA 92118

Condo
Active
Updated 5 days ago

2
Beds
2
Total Baths
1,710
Sq. Ft.

Just Listed

$2,498,000

457 D Ave Coronado, CA 92118

Single Family
Active
Updated 4 days ago

4
Beds
5
Total Baths
2,235
Sq. Ft.

943 F Ave Coronado, CA 92118

Single Family
Active
Updated 4 days ago

4
Beds
4
Total Baths
1,640
Sq. Ft.

1033-39 Isabella, Coronado, CA 92118 - Photo 1

Price Reduced

-$2,000,000 (-25.16%)

$5,950,000

1033-39 Isabella Coronado, CA 92118

Multi-Family
Active
Updated 2 days ago

5
Total Beds

Price Reduced

-$120,000 (-7.19%)

$1,549,000

835 D Ave #4 Coronado, CA 92118

Townhouse
Active
Updated 17 hours ago

2
Beds
3
Total Baths
1,624
Sq. Ft.

8 Antigua Ct, Coronado, CA 92118 - Photo 1

Price Reduced

-$76,000 (-3.85%)

$1,899,000

8 Antigua Ct Coronado, CA 92118

Condo
Active
Updated 6 days ago

3
Beds
2
Total Baths
1,729
Sq. Ft.

4037 Winona Ave, San Diego, CA 92105 - Photo 1

Sold

$1,325,000

4037 Winona Ave San Diego, CA 92105

Multi-Family
Closed

4215-17 Sycamore Dr, San Diego, CA 92105 - Photo 1

Sold

$1,250,000

4215-17 Sycamore Dr San Diego, CA 92105

Multi-Family
Closed

5
Total Beds

5494 Adams, San Diego, CA 92115 - Photo 1

Sold

$1,550,000

5494 Adams San Diego, CA 92115

Single Family
Closed
Updated 13 days ago

3
Beds
2
Total Baths
1,775
Sq. Ft.

5337 Groveland Dr, San Diego, CA 92114 - Photo 1

Sold

$1,350,000

5337 Groveland Dr San Diego, CA 92114

Multi-Family
Closed
Updated 6 days ago

11
Total Beds

2985-87 54th St, San Diego, CA 92105 (MLS# 260008464) is a Multi-Family property that was sold at $1,465,000 on May 19, 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.

2985-87 54th St San Diego, CA 92105