4275 48th St, San Diego, CA 92115

About this commercial property

6.13% Cap Rate | Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1–2 additional units. Upside in rents with minimal improvements.

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

Sale history

$4,150,000

Sold August 2025 · listed $4,190,000, on market May 2025 · MLS #250027339SD · Source: CRMLS

Listing Agent: Jordan Concepcion · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Jake May · The Jake May Team, Inc.

$1,075,000

Sold March 2012 · listed $1,150,000, on market June 2011 · MLS #110035210 · Source: CRMLS

Listing Agent: Michael Glickstein · Listing Office: Michael Glickstein · Contact: 619-379-3337 · Bought with: Michael Glickstein · Michael Glickstein

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