4065 49th Street, San Diego, CA 92105

About this commercial property

The seventh unit is under construction and the property’s electrical has been upgraded. There is potential for 8th and 9th units in the front 5 car garage. 4065-69 49th Street is an existing 6-unit apartment complex that consists of 4,053 rentable square feet situated on a 4,961 square foot lot with ample parking. The seventh unit will be a 392 square foot 1 Bedroom. The current unit mix consists of one well laid out 2 Bed / 2 Bath, three 2 Bed / 1 Baths and 2 spacious 1 Bed / 1 Bath units, all of which are renovated. The property was built in 1986 and features two rear garages, multiple balconies, and an open parking garage in the front with additional surface parking spaces. This is a true value add deal with upside in rents as well as potential for 2 more ADUs (Buyer to verify).

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,800,000

Sold July 2023 · listed $1,900,000, orig. $1,800,000, on market March 2023 · MLS #230006235SD · Source: CRMLS

Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Monroe Herington · eXp Realty of California, Inc.

$1,035,000

Sold January 2020 · listed $1,050,000, on market November 2019 · MLS #190063171 · Source: CRMLS

Listing Agent: Benn Vogelsang · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Benn Vogelsang · South Coast Commercial, Inc.

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