4275 48th St, San Diego, CA 92115 - Photo 1

1/1

$4,150,000

Sold
Closed
Multi-Family
3 Total Beds

1/1

Property Description

6.13% Cap Rate | Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1-2 additional units. Upside in rents with minimal improvements.

Full Property Details

Full Property Details for 4275 48th St

General

Sold For: $4,150,000
Status: Closed
Type: Multi-Family
Source: SANDICOR
MLS ID: 250027339
Added to Site: 248 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 3

Location

Area: SAN DIEGO (92115)
County: San Diego

Structural Information

# Buildings: 1
Detached/Attached: Detached
Stories/Levels: 2
Square Feet: 9,990
Living Area: 9,990 Sq. Ft.

Unit Information

Units in Building: 16

Financial Considerations

Operating Expenses: $114,891

Disclosures and Reports

Property ID: 471-322-36-00

Listed by Apartment Realty Group (ARG) (619) 222-9500, Jordan A Concepcion
Sold by The Jake May Team, Inc. (858) 461-9910, Jake May

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Listing agent

— 4275 48th St —

Jordan A Concepcion

Apartment Realty Group (ARG)

jordan.concepcion@arg1031.com

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Schools

Schools serving 4275 48th St

School District:San Diego City Unified School District

Name	Grades	Distance
Ibarra Elementary School 4877 Orange Avenue, San Diego, CA 92115	K-5	0.2 mi
Mann Middle School 4345 54th Street, San Diego, CA 92115	6-8	0.7 mi
Crawford High School 4191 Colts Way, San Diego, CA 92115	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4275 48th St

Date

Details

Price

Change

Source

8/27/2025

Sold

$4,150,000

-0.95%

MLS

5/13/2025

Listed

$4,190,000

—

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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Total Baths
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Sq. Ft.

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Beds
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Total Baths
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Bed
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4275 48th St, San Diego, CA 92115 (MLS# 250027339) is a Multi-Family property that was sold at $4,150,000 on August 27, 2025. Want to learn more about 4275 48th 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.

4275 48th St San Diego, CA 92115