$2,375,000

4334 49th Street

San Diego CA, 92115

Description

Back on the Market. Buyer unable to perform because of Heath Reasons. Property shows extremely well. Stable Rents throughout Covid. 49th Street Villas is a 9 Unit turn-key apartment building, that was constructed in 1975. The properties interior and exterior were completely renovated in 2017. The property sits a half block south of El Cajon Blvd in the high demand rental market of City Heights. The unit mix comprises (8) spacious 2BR/1BA and (1) 1BR/1BA unit. A new Investor will be taking possession of a very well maintained building with no deferred maintenance. Rents are currently about 5-10 percent below market. Ownership has not raised rents in 2019 or 2020 so far. The current owner has rents set at market or just below and has collected 100% of rents during COVID 19.

Details

MLS#200039656
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site106

Features

Units9
ZoningR-4 Mult

Market Activity 92115

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92115
Area92115 - San Diego
Listing VS Median (in 92115)
Price:
$2,375,000
low | high
Med:
$467,000
100% of Average
On Site:
106
low | high
Med:
54.5
100% of Average
Listing Updated: November 30, 2020 10:49:35 PM PST
Thomas McCartin LogoMLS Number: 200039656
Listing Provided By:
Thomas McCartin  of  Marcus Millichap
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.