This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

945 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

5.65% CAP FOURPLEX 4140 48th St

4 Unit Block of Flats £1,649,435 (£412,359/Unit) 5.65% Net Initial Yield San Diego, CA 92105

Investment Highlights

  • High Rental Market
  • New Stainless Appliances
  • Turn Key
  • Large Units, Strong Unit Mix
  • FAR Tier 3: 6.5FAR
  • Five Tandem Parking Spaces

Executive Summary

We are pleased to present this beautiful 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, new kitchens & bathrooms. Current gross rental income is $13,200 per month. The property also lies in the complete communities map allowing for significant bonus density for development.

Attachments

4140 48th St
4140 48th St OM

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £126,601 £23.73
Other Income - -
Vacancy Loss £3,165 £0.59
Effective Gross Income £123,436 £23.14
Taxes - -
Operating Expenses - -
Total Expenses £30,260 £5.67
Net Operating Income £93,176 £17.47

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £126,601
Annual Per SF £23.73
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £3,165
Annual Per SF £0.59
Effective Gross Income
Annual £123,436
Annual Per SF £23.14
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £30,260
Annual Per SF £5.67
Net Operating Income
Annual £93,176
Annual Per SF £17.47

Property Facts

Price £1,649,435 Apartment Style Low Rise
Price Per Unit £412,359 Building Class C
Sale Type Investment Lot Size 0.14 AC
Net Initial Yield 5.65% Building Size 5,334 SF
Sale Conditions Design & Build Average Occupancy 100%
Gross Rent Multiplier 13 Number of Floors 2
No. Units 4 Year Built/Renovated 1970/2022
Property Type Residential Parking Ratio 1.12/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,649,435
Price Per Unit £412,359
Sale Type Investment
Net Initial Yield 5.65%
Sale Conditions Design & Build
Gross Rent Multiplier 13
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 5,334 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1970/2022
Parking Ratio 1.12/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Granite Countertops
  • Oven
  • Double Pane Windows

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 2 £3,779 -
4+2 2 £4,133 -
1 of 1
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 471-411-22 Improvements Assessment £434,138 (2024)
Land Assessment £712,641 (2024) Total Assessment £1,146,779 (2024)

PROPERTY TAXES

Parcel Number
471-411-22
Land Assessment
£712,641 (2024)
Improvements Assessment
£434,138 (2024)
Total Assessment
£1,146,779 (2024)

zoning

Zoning Code 4 (RM-1-3 Complete Communities FAR Tier 3: 6.5 FAR)
4 (RM-1-3 Complete Communities FAR Tier 3: 6.5 FAR)
(619) 226-6011 x107

  • Listing ID: 29858999

  • Date on Market: 13/03/2023

  • Last Updated:

  • Address: 4140 48th St, San Diego, CA 92105

The College Area Residential Property at 4140 48th St, San Diego, CA 92105 is currently available. Contact South Coast Commercial, Inc. for more information.

Nearby Listings

1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/15
4140 48th St, San Diego, CA for sale Building Photo- Image 1 of 15
4840 48th New-11
4140 48th St, San Diego, CA for sale Building Photo- Image 2 of 15
4840 48th New-14
4140 48th St, San Diego, CA for sale Building Photo- Image 3 of 15
ext & int-36
4140 48th St, San Diego, CA for sale Building Photo- Image 4 of 15
4840 48th New-4
4140 48th St, San Diego, CA for sale Building Photo- Image 5 of 15
ext & int-35
4140 48th St, San Diego, CA for sale Interior Photo- Image 6 of 15
ext & int-2
4140 48th St, San Diego, CA for sale Interior Photo- Image 7 of 15
ext & int-7
4140 48th St, San Diego, CA for sale Interior Photo- Image 8 of 15
ext & int-32
4140 48th St, San Diego, CA for sale Interior Photo- Image 9 of 15
ext & int-33
4140 48th St, San Diego, CA for sale Interior Photo- Image 10 of 15
ext & int-31
4140 48th St, San Diego, CA for sale Interior Photo- Image 11 of 15
ext & int-9
4140 48th St, San Diego, CA for sale Interior Photo- Image 12 of 15
ext & int-11
4140 48th St, San Diego, CA for sale Interior Photo- Image 13 of 15
ext & int-24
4140 48th St, San Diego, CA for sale Interior Photo- Image 14 of 15
ext & int-5

1 of 1

Connect with us

© 2024 CoStar Group

5.65% CAP FOURPLEX | 4140 48th St
(619) 226-6011 x 107

5.65% CAP FOURPLEX | 4140 48th St

Brian Nelson

(619) 226-6011

x107

(619) 226-6011 x107

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link