4349-55 50th Street is a 6-unit garden-style apartment complex that consists of 4,850 rentable square feet built in 1957 and situated on a 6,251 square foot lot. The unit mix consists of five well laid out, large 2 Bedroom / 1 Bathroom units that are approximately 850 square feet and one spacious 1 Bedroom / 1 Bathroom unit that is approximately 600 square feet. The property features four large single car garages with walk-in access doors to the interior of the property, common washer and dryer hookups, and nine surface parking spaces. The property has been well-maintained with a new roof, new sewer main, new windows and new flooring in the units. There is new LED lighting and push-code gate entrances. Maximum rent increases can go into effect in March of 2025 making immediate upside possible without heavy renovation. Currently, the owner bills-back the tenants for utilities and rents are 30% below market. The garages have large footprints and could be converted to approximately 780 square foot and 520 square foot ADUs with entry to the courtyard. Buyer to investigate and verify. The property runs with low expenses and uses city trash and recycling. The property is located in the Complete Communities Housing Solution Overlay Zone which are special areas the city has focused their efforts to improve housing, mobility, parks and infrastructure. Properties in these designated areas are positioned well for long term property-value appreciation.
Property Details
Price:
$1,675,000
MLS #:
240018393SD
Status:
Active
Baths:
0
Address:
4349 50th St
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Aug 1, 2024
State:
CA
ZIP:
92115
Schools
Interior
Exterior
Parking Spots
12.00
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 4422 Glacier Ave
San Diego, CA$2,100,000
2.40 miles away
- 3344 32nd St
San Diego, CA$2,100,000
2.49 miles away
- 711 61st Street
San Diego, CA$1,950,000
3.22 miles away
- 3845 41st Street
San Diego, CA$1,930,000
1.26 miles away
- 4061 Front St
San Diego, CA$1,899,000
4.56 miles away
- 542 15th Street
San Diego, CA$1,895,000
4.84 miles away
- 4357 39th Street
San Diego, CA$1,890,000
1.37 miles away
- 2259 Market St
San Diego, CA$1,875,000
4.50 miles away
- 3028 Howard Ave
San Diego, CA$1,855,000
2.49 miles away
- 2442 2nd Avenue
San Diego, CA$1,800,000
4.78 miles away
Courtesy of NorthMarq Multifamily. 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 include the name of the listing broker. Neither the listing company nor 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 2024. California Regional Multiple Listing Service. All rights reserved.
4349 50th St
San Diego, CA
LIGHTBOX-IMAGES