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Buy a propertyat 4140 48th St, San Diego, CA 92105

$2,095,000

$2,159,000 (-2.96%)

$0/mo

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Multifamily

0 Bathrooms

434 Days on market

230003402SD MLS ID

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About 4140 48th St property

We are pleased to present this turnkey four-unit property on 48th St. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances and new kitchens & bathrooms. Current gross rental income is $13,000 per month. The property also lies in the complete communities map (FAR Tier 3: 6.5 FAR) allowing for significant bonus density for development. Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***
We are pleased to present this turnkey four-unit property on 48th St. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances and new kitchens & bathrooms. Current gross rental income is $13,000 per month. The property also lies in the complete communities map (FAR Tier 3: 6.5 FAR) allowing for significant bonus density for development. Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***

Property details

Building

2 total stories

Built in 2022

Stories: 2

Two

Cooling

Central Air

Heating

Forced Air

Income

Gross Scheduled Income: 156000

Net Operating Income: 108612

Listing

Listing ID: 230003402SD

167 days on market

Listed on 2023-02-22

Location

County: San Diego

Subdivision: City Heights

Possession

Close Of Escrow

Property

Single building

4 units

Tenant Pays

Electricity

Monthly cost

Estimated monthly cost

$13,350/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,969,300

+$62,850

$2,032,150

Seller agent commission$62,850 (3%)*

$0 (0%)

Buyer agent commission$62,850 (3%)*

$62,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $62,850 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 29, 2024 at 11:05 p.m.

Data updated: Aug 7, 2023 at 7:05 p.m.

Property listed by South Coast Commercial, Inc., Adrian Gonzalez-Pureco
Based on information from California Regional Multiple Listing Service, Inc. as of 08/07/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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