320 South 49th Street

San Diego, CA 92113

$1,299,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

320-24 S 49th Street stands out as an exceptional opportunity in an Opportunity Zone, in harmony with the Complete Communities Plan. This property encompasses three fully upgraded 2-bedroom, 1-bath houses on an expansive 8,856 square foot lot. Unlocking its potential, envision adding an extra floor to each house or constructing a 3 or 4-story structure within the spacious grounds in the open space in between houses. Notably, all units have undergone significant renovations within the last 4 years,...320-24 S 49th Street stands out as an exceptional opportunity in an Opportunity Zone, in harmony with the Complete Communities Plan. This property encompasses three fully upgraded 2-bedroom, 1-bath houses on an expansive 8,856 square foot lot. Unlocking its potential, envision adding an extra floor to each house or constructing a 3 or 4-story structure within the spacious grounds in the open space in between houses. Notably, all units have undergone significant renovations within the last 4 years, showcasing modern amenities such as tiled kitchens and baths, new cabinets, vanities, and appliances. Currently generating robust rental income averaging $2,700 to $2,800 per unit monthly, this property offers versatility. It suits multi-generational living, income generation through rentals, or serves as an enticing investment opportunity. Moreover, the flexibility extends to delivery options: it can be presented vacant, an attractive prospect for investors, or with tenants, with the added convenience of one year of included property management. This versatility makes it an appealing choice for various investment strategies.
  1. Listed by Amir Miraftab • DRE #01860748 • Brokerage DRE #01022642 • eXp Realty of California, Inc.
  2. Listed by Suzanne Svahn • DRE #01956941 • Brokerage DRE #01022642 • eXp Realty of California, Inc.

Property Details for 320 South 49th Street

Cross Streets
Franklin Ave
Source Living Area
Assessor
Area
Logan Heights (LOH)
Lot Size Area
8856
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
547-512-22-00

Location

Listing Courtesy of eXp Realty of California, Inc., Amir Miraftab, DRE #01860748; eXp Realty of California, Inc., Suzanne Svahn, DRE #01956941
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LISTING UPDATED: 05/31/2024 11:36 AM

Property Details for 320 South 49th Street

StatusActive
MLS #240010682SD
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.20 AC / 8,856 SF
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California, Inc., Amir Miraftab, DRE #01860748; eXp Realty of California, Inc., Suzanne Svahn, DRE #01956941
Add your commute

Building Information for 320 South 49th Street

Stories1Residences-Year Built1948Building Size-Lot Size0.20 AC / 8,856 SF

Payment Calculator

$7,089 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 320 South 49th Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 3
  • Builders Tract Name: Lincoln park
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $74,150.00
  • Gross Scheduled Income: $83,400
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $15.59
  • Other Income1: $.00
  • Total Annual Expense: 9250
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Swamp Cooler(s)
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full, Partial
Lease Terms
Lease Terms
  • Listing Terms: Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Gardener, Sewer, Water

Property History for 320 South 49th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 320 South 49th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Porter Elementary School
PublicK to 6

Knox Middle
Public6 to 8

Lincoln High School
Public9 to 12

KIPP Adelante Preparatory Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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320 South 49th Street is a multi-family home for sale in San Diego, CA 92113. This property was listed for sale on May 13, 2024 by eXp Realty of California, Inc., it's currently listed at $1,299,000. This listing's school district is San Diego Unified School District. Nearby schools include Porter Elementary School, Knox Middle and Lincoln High School. 320 South 49th Street is a 6-bed, 3-bath, multi-family home built in 1948.

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Listing Courtesy of eXp Realty of California, Inc., Amir Miraftab, DRE #01860748; eXp Realty of California, Inc., Suzanne Svahn, DRE #01956941

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