4444 49th St, San Diego, CA 92115

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,699,000

Est. payment - /mo

104 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Talmadge

MLS Listing ID 250030908

Bedrooms 104

Full Baths 4

HOA Y/N No

Year Built 2022

Property Sub-Type Res Income 2-4 Units

Property Description

Turnkey 8-Unit Investment Near SDSU | Fully Renovated | Strong Cash Flow Exceptional opportunity to acquire a stabilized, income-producing 8-unit multifamily property located just minutes from SDSU and the rapidly expanding College Area. This fully remodeled asset consists of eight 1-bed/1-bath units—six of which are currently leased as mid-term rentals, generating above-market rents due to high demand from traveling professionals and students. - Annual Gross Scheduled Income: ~$232,800 - Price: $2,599,000 - GRM: ~11.16 - Estimated Cap Rate: ~5.8% (based on actual mid-term rental income & market expenses) - Unit Mix: (8) 1-Bed / 1-Bath - Current Occupancy: 100% - Parking: 11 dedicated spaces - Laundry: On-site - Walk Score: 91 – highly walkable to retail, dining, and public transportation Each unit has been tastefully upgraded with modern kitchens, bathrooms, luxury vinyl flooring, stainless steel appliances, and new lighting throughout. With low maintenance needs and consistent occupancy, this asset offers a unique opportunity for investors seeking both immediate cash flow and long-term appreciation in one of San Diego's most desirable rental markets. Whether you continue operating it as a mid-term rental powerhouse or transition to long-term tenants, the upside is significant in this high-demand submarket.

Location

State CA

County San Diego

Community Talmadge

Area San Diego (92115)

Building/Complex Name Complex

Zoning R-4

Interior

Heating Electric

Cooling Wall/Window

Appliance Passive Solar

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned Unit2:Assigned Unit3:Assigned Unit4:Assigned

Fence Gate

Community Features Laundry Facilities, RV/Boat Parking

Complex Features Laundry Facilities, RV/Boat Parking

View Other/Remarks

Roof Type Other/Remarks

Building

Lot Description Other/Remarks

Story 2

Lot Size Range 4000-7499 SF

Sewer Other/Remarks

Water Other/Remarks

Level or Stories 2 Story

Others

Senior Community Other

Miscellaneous Other/Remarks

Acceptable Financing Other/Remarks

Space Rent $2,800

Listing Terms Other/Remarks

Special Listing Condition Call Agent, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250030908

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Listed by Christian Romero • Millennial Realty Group

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If I tour a home, I understand Kobe Zimmerman will be my touring agent. Touring a home is free. If I use Kobe Zimmerman to buy a house, his fee is 2.5% of the purchase price. This fee is negotiable by law. I am not obligated to pay this fee and understand that Kobe will request that this fee be paid by the seller.

4444 49th St San Diego, CA 92115