Property Detail

Description

4140 48th Street, San Diego, CA presents a stabilized investment opportunity in the heart of the Colina del Sol neighborhood. This fully renovated multifamily asset, originally built in 1964, comprises 4 units featuring a rare, large-format mix of two 3-bedroom/2-bathroom and two 4-bedroom/2-bathroom configurations. The property encompasses 4,180 gross square feet on a 6,397 square foot parcel, offering significant density in a supply-constrained market. With a current purchase price of $1,995,000, the asset delivers immediate cash flow with a capitalization rate of 5.60% and a Gross Rent Multiplier of 13.0, metrics that reflect the premium quality of the recent turnkey renovations and the asset's operational efficiency.