4065-69 49th Street, East San Diego, CA 92105

$1,800,000
Sold Price
$1,800,000
List Price
$1,800,000
Closing Date
Jul 26, 2023
Status
SOLD
MLS#
230006235
Lot Size(apprx.)
4,691
Property Type
Multifamily

Property Description

The seventh unit is under construction and the property’s electrical has been upgraded. There is potential for 8th and 9th units in the front 5 car garage. 4065-69 49th Street is an existing 6-unit apartment complex that consists of 4,053 rentable square feet situated on a 4,961 square foot lot with ample parking. The seventh unit will be a 392 square foot 1 Bedroom. The current unit mix consists of one well laid out 2 Bed / 2 Bath, three 2 Bed / 1 Baths and 2 spacious 1 Bed / 1 Bath units, all of which are renovated. The property was built in 1986 and features two rear garages, multiple balconies, and an open parking garage in the front with additional surface parking spaces. This is a true value add deal with upside in rents as well as potential for 2 more ADUs (Buyer to verify).

Additional Information

Lot Size
4,691
Style
Com-Res Income

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Benn Vogelsang (415-250-4947) from Listing Office: NorthMarq Multifamily.

Selling Office: eXp Realty of California, Inc..

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