4463 48th Street, San Diego, CA 92115
Commercial property · 2 recorded sales since 2020
Sold March 2022
Listing Agent: Erik Anderson (DRE #01991182) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Josh Browar · The Browar Group · MLS #220001226SD · Source: CRMLS
About this commercial property
OFFERS DUE 1/25/22 AT 5PM. NorthMarq is pleased to present a pride of ownership, value-add 9-unit property for sale in the heart of the highly sought-after Talmadge neighborhood in San Diego. Set in a charming courtyard layout, the property enjoys easy access to eclectic Downtown Kensington, Interstate 15, and Interstate 8. Located a block north of El Cajon Boulevard, the property is walkable to an abundance of retail, schools, and parks. The property offers a superior layout of 3 standalone buildings including a 2-bedroom cottage, a standalone duplex with a 2-bed and 1-bedroom unit and a 6-plex consisting of 6, 1-bedroom apartments over 5 single car garages. Total living space is approximately 5,168 square feet. All buildings feature charming craftsman style architecture with new exterior paint, gated courtyards/backyards, and lush landscaping. Both the duplex and house have been extensively renovated, while most of the units in the structure behind have room to further improve and push rents closer to market. The complex offers investors the opportunity to purchase a well-maintained property with tremendous upside in one of San Diego’s most charming neighborhoods. Any investor will surely enjoy low vacancies, high rent growth and great cash flow for many years to come.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history
