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4062 49th Street, San Diego, CA 92105

Commercial property

4062 49th Street, San Diego, CA 92105 Sold February 2025 CRMLS
$1,525,000Sold February 2025

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA · OUT OF AREA · MLS #240017481SD · Source: CRMLS

9
Units
5.50%
Cap Rate
$94,657
NOI
Commercial property
Type

About this commercial property

4062 49th Street is a 9-unit apartment building consisting of one 5,190 square foot structure built in 1968 on a 5,739 square foot lot. The unit mix consists of all 1 Bedroom / 1 Bathroom units. There are 9 surface parking spaces. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$1,525,000
Sold February 2025 · listed $1,720,000, orig. $1,740,000, on market July 2024 · MLS #240017481SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA · OUT OF AREA
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