4444 49th St, San Diego, CA 92115 – 250030908SD

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 2,699,000

Est. payment | -/mo

Save

$ 2,699,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Talmadge

MLS Listing ID 250030908SD

HOA Y/N No

Year Built 2022

Property Description

Turnkey 8-Unit Investment Near SDSU | Fully Renovated | Strong Cash Flow Exceptional opportunity to acquire a stabilized, income-producing 8-unit multifamily property located just minutes from SDSU and the rapidly expanding College Area. This fully remodeled asset consists of eight 1-bed/1-bath units—six of which are currently leased as mid-term rentals, generating above-market rents due to high demand from traveling professionals and students. - Annual Gross Scheduled Income: ~$232,800 - Price: $2,599,000 - GRM: ~11.16 - Estimated Cap Rate: ~5.8% (based on actual mid-term rental income & market expenses) - Unit Mix: (8) 1-Bed / 1-Bath - Current Occupancy: 100% - Parking: 11 dedicated spaces - Laundry: On-site - Walk Score: 91 – highly walkable to retail, dining, and public transportation Each unit has been tastefully upgraded with modern kitchens, bathrooms, luxury vinyl flooring, stainless steel appliances, and new lighting throughout. With low maintenance needs and consistent occupancy, this asset offers a unique opportunity for investors seeking both immediate cash flow and long-term appreciation in one of San Diego's most desirable rental markets. Whether you continue operating it as a mid-term rental powerhouse or transition to long-term tenants, the upside is significant in this high-demand submarket.

Location

State CA

County San Diego

Area 92115 - San Diego

Building/Complex Name Complex

Zoning R-4

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Pool None

View Y/N Yes

Private Pool No

Building

Lot Description Drip Irrigation/Bubblers

Story 2

Entry Level Two

Water See Remarks

Level or Stories Two

Others

Tax ID 4711410800

Listed by Christian Romero • Millennial Realty Group

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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4444 49th St San Diego, CA 92115