$2,850,000
Units: 10
390 Days On Market

Courtesy of NorthMarq Multifamily.

Property Type: Com-res Income
Status: Active
Neighborhood: Ca
Days On Website: 390

Property Details for 375 S 49th Street, San Diego, CA 92113

375 S 49th Street is located in an Opportunity Zone and is part of the Complete Communities Plan. The property is situated on a large 17,694 square foot lot and has a strong unit mix of (4) 3 Bedroom / 2 Bathroom units appx 1,000 square feet and (6) 2 Bedroom / 1 Bathroom units appx 830 square feet. The 8,984 square foot structure built in 1971 has been thoroughly renovated 10 years ago, has onsite laundry facilities, and approximately 20 gated parking spaces with a rear entrance and frontage on S Willie James Jones Avenue. There is upside in the development potential on or over the parking lot. The kitchens and baths have tile, new cabinets, vanities, and appliances. The bedrooms have mirrored closet doors. The current $1,667,000 loan at 2.94% fixed until June 2026 can be assumed.

Appliances & Equipment

  • 10 units with range
  • 10 units with refrigerator

Bedrooms

  • 1 bedroom

Building

  • 1971 years old
  • 2 stories

Expenses

  • Operating expense: $89,473

Income

  • Gross operating income: $243,032

Listing

  • Source: SDMLS
  • For Sale
  • 349 days on market
  • Listing date: 2023-03-31

Location

  • County: San Diego

Lot

  • Approximately 17,694 lot square feet

Parking

  • 20 total parking spaces

Unit One

  • Individual rent: $1,894
  • Total rent: $11,364
  • 1 bathroom
  • 6 units of this type
  • 2 bedrooms

Unit Two

  • Individual rent: $2,122
  • Total rent: $8,488
  • 2 bathrooms
  • 4 units of this type
  • 3 bedrooms

Map View


$2,850,000 - 375 S 49th Street, San Diego, CA 92113

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375 S 49th Street
San Diego, CA 92113
County: San Diego