4062 49th Street

4062 49th Street

San Diego, CA 92105

$1,750,000
Price
—
Beds
5,190 Sq. Ft.
$337 / Sq. Ft.
5,190
Sq. Ft.
$337
per Sq. Ft.
an aerial view of a house with a big yard
an aerial view of a house with a big yard
an aerial view of a house with a yard
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a living room with furniture and a flat screen tv
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a kitchen with a stove a refrigerator and a sink
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a view of an empty room and window
a bedroom with a bed and a potted plant
a kitchen with white cabinets and a stove
a kitchen with stainless steel appliances granite countertop a sink and dishwasher with white cabinets
a living room with furniture and a flat screen tv
a living room with furniture a dining table and paintings on the wall
a kitchen with a sink a stove and a refrigerator
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a bathroom with a toilet sink vanity tub and shower
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a bedroom with two beds and a dresser
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a living room with furniture
a kitchen with stainless steel appliances granite countertop a sink and cabinets
a view of kitchen with stainless steel appliances cabinets and wooden floor
a bathroom with a toilet sink vanity and mirror
a living room with furniture a flat screen tv and a table
an empty room with windows
a kitchen with a white stove refrigerator and cabinets
a living room with furniture and a wooden floor
a bathroom with a sink a toilet and bathtub
a view of balcony and wooden floor
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a kitchen with stainless steel appliances a sink a stove and a refrigerator
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a view of an empty room and window
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Description

Value add multifamily property with Immediate Income Potential. Welcome to 4062 49th St, a multifamily property nestled in the bustling 92105 area, presenting a unique investment opportunity for those looking to dive into the lucrative world of real estate. This 9-unit property, boasting 5,190 sqft of building space on a 5,739 sqft lot, offers an enticing blend of immediate income and significant upside potential through strategic enhancements. All nine units feature a desirable 1-bedroom, 1-bathroom...Value add multifamily property with Immediate Income Potential. Welcome to 4062 49th St, a multifamily property nestled in the bustling 92105 area, presenting a unique investment opportunity for those looking to dive into the lucrative world of real estate. This 9-unit property, boasting 5,190 sqft of building space on a 5,739 sqft lot, offers an enticing blend of immediate income and significant upside potential through strategic enhancements. All nine units feature a desirable 1-bedroom, 1-bathroom layout, catering perfectly to singles or couples in search of a large living space. This uniformity simplifies management and renovation efforts. With seven of the nine units currently occupied, investors can benefit from steady income flow right from the start. The two remaining units provide a blank canvas for upgrades and rent optimization. Nine parking spots ensure that all of the tenants have their own parking spot, a valuable commodity in urban living that enhances tenant appeal and retention. This property stands as an ideal candidate for cosmetic improvements. Investors with an eye for design and renovation can unlock hidden value, elevating the property’s appeal and rental rates. Positioned in a vibrant neighborhood, the property offers tenants easy access to local amenities, dining, entertainment, and public transportation, ensuring high demand and competitive rental prices. Walking distance to Ibarra Elementary School. The property's prime location also affords easy access to some of San Diego's most iconic destinations. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 10-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. 4062 49th St represents an excellent acquisition for investors looking to capitalize on a property with substantial growth potential. Whether your strategy involves light cosmetic refinishing or a more comprehensive upgrade, this property serves as a foundation for robust rental income and capital appreciation. Some pictures are virtually staged.
  1. Listed by Sez Sezer • DRE #01988197 • Brokerage DRE #01947727 • Douglas Elliman of California • sez@carmelvalley.com

Property Details for 4062 49th Street

Parking Spaces Total
9
Total Units
9.0
Building Area Total
5190
Building Area Units
Square Feet
Stories Total
2
Entry Level
2
Association Fee
$.00
Zoning
R-4:Multiple Residential

Location

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197
Add your commute
LISTING UPDATED: 04/08/2024 03:47 AM

Property Details for 4062 49th Street

StatusActive
MLS #NDP2402874
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1968
Lot Size0.13 AC / 5,739 SF
CountySan Diego County

Location

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197
Add your commute

Building Information for 4062 49th Street

Stories2Residences-Year Built1968Building Size-Lot Size0.13 AC / 5,739 SF

Payment Calculator

$9,952 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$402

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4062 49th Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $206,880
  • Net Operating Income: $0
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Real Estate Tax Expense: $0
  • Total Expenses: $0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 9
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,469
  • Unit Type Total Rent: $1,469
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 7
  • Number Of Buildings: 1

Property History for 4062 49th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4062 49th Street

Taxable ValueLand$105,468Additions$283,274Total$388,742
Tax Record2023$4,820 ($402 / month)
Home Facts
Total Finished SqFt5,190 SqFtAbove Grade Finished SqFt5,190 SqFtLot Size5,739 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningR-4:MULTIPLECountySAN DIEGOAPN471-511-27-00

Schools near 4062 49th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Ibarra Elementary School
Public - K to 5
Mann Middle School
Public - 6 to 8
Crawford High School
Public - 9 to 12
City Heights Preparatory Charter
Charter - 6 to 12
Rating
School
Distance
Ibarra Elementary School
PublicK to 5

Mann Middle School
Public6 to 8

Crawford High School
Public9 to 12

City Heights Preparatory Charter
Charter6 to 12

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.

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More information about 4062 49th Street, San Diego, CA 92105

4062 49th Street is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on April 6, 2024 by Douglas Elliman of California, it's currently listed at $1,750,000. This listing's school district is San Diego Unified School District. Nearby schools include Ibarra Elementary School, Mann Middle School and Crawford High School. 4062 49th Street is a 0-bed, 0-bath, 5,190 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197

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