4077 48th Street, East San Diego, CA 92105

$3,050,000
Sold Price
$3,050,000
List Price
$3,200,000
Closing Date
Sep 11, 2023
Status
SOLD
MLS#
230013659
Property Type
Multifamily

Property Description

We are pleased to present 4077 48th St, an extensively remodeled 12-unit property located in the City Heights neighborhood of San Diego, CA. The property is situated on a 0.15 acre lot and is comprised of two (2) studios, and ten (10) one-bedroom/one-bathroom units totaling approximately 5,792 of rentable square feet. The property has recently undergone an extensive renovation program on unit interiors and exteriors. Upgraded interiors include new luxury vinyl plank ?ooring, new kitchen and bathroom cabinets, tiled showers, quartz counter tops, and stainless appliances. The interiors also have upgraded lighting, ceiling fans, and heating & air units. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit-oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. The property boasts a Walkscore of 93 on walkscore.com’s 100-point scale and is considered a “Walker’s Paradise” as daily errands do not require a car and countless retailers, restaurants, and services are also nearby. This property provides an investor the rare opportunity to purchase an extensively upgraded asset in a high barrier to entry market.

Additional Information

Style
Com-Res Income

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Listing courtesy of Listing Agent: Kire Nastevski (858-373-3182) from Listing Office: Marcus & Millichap.

Selling Office: Marcus & Millichap.

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