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.
Property Details
Price:
$4,190,000
MLS #:
250027339SD
Status:
Active
Baths:
0
Address:
4275 48th St
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
May 13, 2025
State:
CA
ZIP:
92115
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Parking Spots
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Courtesy of Apartment Realty Group (ARG). Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 4275 48th St
San Diego, CA
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