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2642 48 44th Street
USD 2,475,000
Property ID: PTP2405613
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2642 48 44th Street ,92105
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icon 9391 SqFt
icon Built in 1984
icon USD 264/SqFt
icon 0 Bed
icon 0 Full
icon --
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Location
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
6185
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1984
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Detailed Introduction Of This Home
Commercial Asset Advisors is pleased to present the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics at a 5.22% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 6.45%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (14)
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2642 48 44th Street
USD 2,475,000 0 Beds
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