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4275 48th St San Diego, CA 92115
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Key Details
Sold Price $4,150,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 9,990 sqft
Price per Sqft $415
MLS Listing ID 250027339
Bedrooms 3
Property Sub-Type Com-Res Income
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.
Location
State CA
County San Diego
Area Metro Uptown
Exterior
View Y/N No
Building
Story 2
Read Less
Bought with Jake May The Jake May Team, Inc.