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4162 51st Street, San Diego, CA 92105

Commercial property · 2 recorded sales since 2019

4162 51st Street, San Diego, CA 92105 Sold March 2023 CRMLS
$3,040,000Sold March 2023

Listing Agent: Gregg Neuman (DRE #00809392) · Listing Office: Berkshire Hathaway HomeService · Contact: 619-595-7020 · Bought with: Victor Kung · Abacus Properties Inc. · MLS #220027863SD · Source: CRMLS

10
Units
5.72%
Cap Rate
$183,093
NOI
9,373 sqft
Lot Size
R-4:MULTIP
Zoning
Commercial property
Type

About this commercial property

FULLY RENOVATED TURNKEY UNITS. Excellent mix of 8 (2 br/1 bath) & 2 (1 br/1 bath) with all onsite parking. Located on a charming cul-de-sac street in City Heights next to an elementary school. These units experienced an extensive remodeling in 2019-2020 including, but not limited to new roofs, electrical and plumbing upgrades, complete interior remodels including luxury vinyl flooring, window treatments, all stainless-steel appliances, new cabinetry, dual paned windows, owned laundry, and 100% gated with security cameras. High-end finishes throughout allow for peak 92105 rents. The moratorium is over, and rents are rising rapidly! Great units. Amazing interiors and an excellent location. Close to 3 schools, including middle school and adjacent to an elementary school. Two blocks from Colina Del Sol rec center with its outdoor courts, tot lot, playground multi-purpose athletic field, tennis courts, full size gymnasium, meeting room craft and ceramic room and a swimming pool. Perfect property for 1031 exchange buyers or an owner looking to add to their portfolio.

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

Sale history

$3,040,000
Sold March 2023 · listed $3,200,000, on market November 2022 · MLS #220027863SD · Source: CRMLS
Listing Agent: Gregg Neuman · Listing Office: Berkshire Hathaway HomeService · Contact: 619-595-7020 · Bought with: Victor Kung · Abacus Properties Inc.
$1,760,000
Sold October 2019 · listed $2,100,000, on market July 2019 · MLS #190039599 · Source: CRMLS
Listing Agent: James Philipps · Listing Office: Big Block Realty, Inc. · Contact: 800-550-3209 · Bought with: James Philipps · Big Block Realty, Inc.
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