3860 45th Street, San Diego, CA 92105
Commercial property
Sold June 2026
Listing Agent: James Carter (DRE #01352336) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Anthony Mendes · The Mendes Company · MLS #260010557SD · Source: CRMLS
About this commercial property
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
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history