4077 48th Street, San Diego, CA 92105

About this commercial property

We are pleased to present 4077 48th St, an extensively remodeled 12-unit property located in the City Heights neighborhood of San Diego, CA. The property is situated on a 0.15 acre lot and is comprised of two (2) studios, and ten (10) one-bedroom/one-bathroom units totaling approximately 5,792 of rentable square feet. The property has recently undergone an extensive renovation program on unit interiors and exteriors. Upgraded interiors include new luxury vinyl plank ?ooring, new kitchen and bathroom cabinets, tiled showers, quartz counter tops, and stainless appliances. The interiors also have upgraded lighting, ceiling fans, and heating & air units. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to Interstate-15 and a transit-oriented neighborhood with many public transportation options nearby. Situated along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. The property boasts a Walkscore of 93 on walkscore.com’s 100-point scale and is considered a “Walker’s Paradise” as daily errands do not require a car and countless retailers, restaurants, and services are also nearby. This property provides an investor the rare opportunity to purchase an extensively upgraded asset in a high barrier to entry market.

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

Sale history

$3,050,000

Sold September 2023 · listed $3,200,000, on market June 2023 · MLS #230013659SD · Source: CRMLS

Listing Agent: Kire Nastevski · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Aziz Zakkout · Marcus & Millichap

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