4444 49th, Talmadge/San Diego Central, CA 92115
- $2,250,000
- List Price
- $2,250,000
- Price Change
- ▼ $250,000 1762312311
- Status
- PENDING
- MLS#
- 250041093SD
- Year Built
- 1962
- Days on Market
- 40
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Talmadge
Property Description
HUGE PRICE REDUCTION! $350,000!!! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,250,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income.
Additional Information
- Appliances
- Gas Water Heater
- Heat
- Natural Gas
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Rolled/Hot Mop
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $219,872
Listing courtesy of Listing Agent: Christian Romero (christianromero.realty@gmail.com) from Listing Office: Millennial Realty Group.
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