4085 49th St, San Diego, CA 92105
Commercial property · 2 recorded sales since 2023
Sold January 2025
Listing Agent: Jordan Concepcion (DRE #01936834) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Genina Padilla · Padilla Real Estate Services · MLS #240028216SD · Source: CRMLS
About this commercial property
High-performing 7-unit property with strong financials. Offering a 5.77% current cap rate and 11.28 GRM, this investment delivers immediate cash flow with room for upside. The property features a desirable unit mix: 3 spacious 2-bedroom/2-bath units, 2 well-appointed 2-bedroom/1-bath units, and 2 charming 1-bedroom units. Interiors have been fully renovated, showcasing new laminate flooring, quartz countertops, updated kitchens, and tiled bathrooms. Additional upgrades include a new roof and energy-efficient windows. The property includes 6 garages, with plans underway to convert them into 4 ADUs (anticipated completion of plans in Q1 2025—contact agent for details). Current rents do not reflect the value of the garages, offering further income potential through leasing or ADU conversion. This is a turnkey asset with both stability and growth potential.
Listing description from the January 2025 sale, as reported to CRMLS.
Sale history
