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+16197010309
Century 21 Affiliated
3860 45th Street, East San Diego, CA 92105
- $1,030,000
- Sold Price
- $1,030,000
- List Price
- $1,045,000
- Closing Date
- Jun 25, 2026
- Status
- CLOSED
- MLS#
- 260010557SD
- Days on Market
- 16
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
5 Units in City Heights. This is the best-priced deal on the market, low $/Unit at only $209K/Unit with a strong in-place 6.32% Cap Rate and 10.44 GRM w/ upside. With many recent upgrades, this offering boasts a strong in-place cap rate with future upside my updating a couple of the units. The unit mix consists of a 2Bedroom/2Bathroom unit, a spacious detached 1Bedroom/1Bathroom house, two 1Bedroom/1Bathroom units that are in a stacked two-story structure in the middle of the property and a smaller 1Bedroom/1Bathroom unit in the rear of the property. ProForma Cap Rate: 7.34% and ProForma GRM: 9.36
Additional Information
- Heat
- See Remarks
- Cooling
- Yes
- Exterior Construction
- Stucco
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $100,077
- Operating Expense
- 30996
Listing courtesy of Listing Agent: James Carter (James.Carter@ARG1031.com) from Listing Office: Apartment Realty Group (ARG).
Listing sold by Anthony Mendes from The Mendes Company
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.