$1,498,000
For Sale by Owner $501/sq ft
Listed 2 months ago

1BR Multi-Family for Sale in San Diego, CA

2985-87 54th St, San Diego, CA 92105
10 Beds
6 Bath
2,989 sq ft
Built 1951
PropSlick Verified Data Key facts & insights for this exact address
$501
Price / sq ft
1951
Year Built
$10,450
Property Tax / yr
5,975 sf
Lot Size
San Diego
County

Key Facts

Property TypeMulti-Family
Year Built1951
Square Footage2,989 sq ft
Lot Size5,975 sq ft
Annual Property Tax$10,450
Price / SqFt$501

Property Description

Turnkey 4-Unit Investment Opportunity - Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Heating
Washer/Dryer

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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Mark Revetta
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