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4062 49th St, San Diego, CA 92105
$1,750,000
4062 49th St, San Diego, CA 92105View this property at 4062 49th St, San Diego, CA 92105
4062 49th StSan DiegoCA92105
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Property Description
Value add multifamily property with Immediate Income Potential. Welcome to 4062 49th St, a multifamily property nestled in the bustling 92105 area, presenting a unique investment opportunity for those looking to dive into the lucrative world of real estate. This 9-unit property, boasting 5,190 sqft of building space on a 5,739 sqft lot, offers an enticing blend of immediate income and significant upside potential through strategic enhancements. All nine units feature a desirable 1-bedroom, 1-bathroom layout, catering perfectly to singles or couples in search of a large living space. This uniformity simplifies management and renovation efforts. With seven of the nine units currently occupied, investors can benefit from steady income flow right from the start. The two remaining units provide a blank canvas for upgrades and rent optimization. Nine parking spots ensure that all of the tenants have their own parking spot, a valuable commodity in urban living that enhances tenant appeal and retention. This property stands as an ideal candidate for cosmetic improvements. Investors with an eye for design and renovation can unlock hidden value, elevating the property's appeal and rental rates. Positioned in a vibrant neighborhood, the property offers tenants easy access to local amenities, dining, entertainment, and public transportation, ensuring high demand and competitive rental prices. Walking distance to Ibarra Elementary School. The property's prime location also affords easy access to some of San Diego's most iconic destinations. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 10-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. 4062 49th St represents an excellent acquisition for investors looking to capitalize on a property with substantial growth potential. Whether your strategy involves light cosmetic refinishing or a more comprehensive upgrade, this property serves as a foundation for robust rental income and capital appreciation. Some pictures are virtually staged.
Full Property Details
Full Property Details for 4062 49th St
General
- Price: $1,750,000
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: NDP2402874
- Updated: 4/8/2024
- Days on Market: 52 days
- Added to Site: 52 day(s) ago
Parking
- Uncovered Spaces: 9
- Parking Ratio: 1
Location
- County: San Diego
- Driving Directions: GPS
Structural Information
- # Buildings: 1
- Entry Floor Number: 2
- Stories/Levels: 2
- Building Size: 5190
- Square Feet: 5,190
- Year Built: 1968
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $337
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Investment: Yes
- Property ID: 4715112700
Listed by Douglas Elliman of California, SezSezer
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Schools
Schools serving 4062 49th St
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4877 Orange Ave, San Diego, CA 92115 | K-5 | 0.1 mi | |
4345 54th St, San Diego, CA 92115 | 6-8 | 0.7 mi | |
4191 Colts Way, San Diego, CA 92115 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4062 49th St
Date
Details
Price
Change
Source
4/06/2024
Listed
$1,750,000
3584.21%
MLS
5/28/1999
Sold
$47,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4062 49th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,820
3%
$388,742
2%
2022
$4,690
1%
$381,120
2%
2021
$4,659
1%
$373,648
1%
2020
$4,603
2%
$369,818
2%
2019
$4,521
7%
$362,567
2%
2018
$4,228
2%
$355,459
2%
2017
$4,126
2%
$348,491
2%
2016
$4,055
2%
$341,659
2%
2015
$3,995
1%
$336,528
2%
2014
$3,936
—
$329,937
—
2013
$3,930
—
$328,447
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4062 49th St
4062 49th St, San Diego, CA 92105 (MLS# NDP2402874) is a Commercial Multi-Family property. 4062 49th St is currently listed for $1,750,000 and was received on April 06, 2024. Want to learn more about 4062 49th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in City Heights? You can browse all City Heights real estate or contact a Coldwell Banker agent to request more information.