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4435 48th Street, San Diego, CA 92115

Commercial property · 2 recorded sales since 2014

4435 48th Street, San Diego, CA 92115 Sold April 2020 CRMLS
$1,835,000Sold April 2020

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: OUT OF AREA · OUT OF AREA · MLS #200001424 · Source: CRMLS

7
Units
4.04%
Cap Rate
$74,678
NOI
7,105 sqft
Lot Size
Commercial property
Type

About this commercial property

4435 48th Street is a condo-grade 7 unit apartment building built in 1985 and located in the highly desirable Talmadge neighborhood. The complex has (5) large 2 Bed / 2 Bath units and (2) 1 Bed / 1 Bath units as well as (4) single car garages and (9) nine additional parking spaces. The structure totals 5,976 sq ft and is situated on a 7,105 sq ft lot. Upgrades have been made to the staircases, some windows and there is new exterior paint and garage doors. The units feature dishwashers, newer window coverings, and some balconies as well as spacious floorplans. The property has a pitched roof and 20%+ upside in rents. The owner has had 100% occupancy for 5 years. The units are month to month. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. SHOWN WITH AN ACCEPTED OFFER.

Listing description from the April 2020 sale, as reported to CRMLS.

Sale history

$1,835,000
Sold April 2020 · orig. $1,850,000, on market January 2020 · MLS #200001424 · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: OUT OF AREA · OUT OF AREA
$1,222,250
Sold December 2014 · listed $1,285,000, on market July 2014 · MLS #140035872 · Source: CRMLS
Listing Agent: Robert Vallera · Listing Office: Vallera Investment Properties · Contact: 858-458-3337 · Bought with: Thomas Lam · Lam R.E. & Property Mgnt. Inc.
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