1742 48 Kearney Ave, San Diego, CA 92113

About this property

Fantastic investment opportunity located in Logan Heights. This property consists of (3) units, including a 3-bedroom, 1-bathroom detached home, and (2) 2-bedroom, 1-bathroom units in the back along the alleyway ( 1 bedrooms with a den converted to 2 bedrooms ). The property sits on a 7080 square foot lot and 2124 square feet of livable space. The property also features a detached single car garage with potential to be turned into an ADU. Currently, the property is grossing $6000 per month with an average rent of $1500 for the 2 bedrooms and (4) tenants paying 750 each for the front house ( call for details), making it a 5%+ CAP rate at current rents. The property's close proximity to downtown and the 5 freeway makes it an ideal location for tenants who work in the city or want easy access to the freeway. ( property was not built in 2006 as indicated on tax records, buyer to do their own research on year built and bedroom/bathroom count )

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

Sale history

$875,000

Sold August 2023 · listed $925,000, on market May 2023 · MLS #230008538SD · Source: CRMLS

Listing Agent: Colin Darville · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Colin Darville · South Coast Commercial, Inc.

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