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4348 50th Street, San Diego, CA 92115

Commercial property

4348 50th Street, San Diego, CA 92115 Sold February 2025 CRMLS
$2,050,000Sold February 2025

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA · OUT OF AREA · MLS #240017477SD · Source: CRMLS

12
Units
5.90%
Cap Rate
$134,525
NOI
9,443 sqft
Lot Size
Commercial property
Type

About this commercial property

4348 50th Street is a 12-unit apartment property consisting of two buildings totaling 8,480 square feet built in 1959 on a 9,443 square foot lot. The unit mix consists of one 3 Bedroom / 2 Bathroom, three 2 Bedroom / 1 Bathroom, and eight 1 Bedroom / 1 Bathroom units. There are 12 surface parking spaces. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.

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

Sale history

$2,050,000
Sold February 2025 · listed $2,280,000, orig. $2,290,000, on market July 2024 · MLS #240017477SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA · OUT OF AREA
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