San Diego, CA 92102
- $1,450,000
Listing courtesy of Listing Agent: Sarita Rivers-Fajardo (sarita.rivers@yahoo.com) from Listing Office: RAF Investment Services Inc..
- List Price
- $1,450,000
- Status
- ACTIVE
- Days on Market
- 12
- MLS#
- PTP2606430
- Subtype
- Residential Income
- Year Built
- 1961
- Lot Size
- 10,139
- Acres
- 0.23
- MLS Area Major
- San Diego (92102)
Property Description
Prime 5- Unit Investment Opportunity| Central San Diego 1014-20 N. 47th Street, San Diego, CA Unlock exceptional value and multiple revenue streams with this well-maintained 5-unit residential income property in a high-demand San Diego market. Ideal for cash-flow investors and value-add strategists looking for strong current returns paired with immediate income growth potential. Key Highlights& Multiple Income Streams: - 5 Residential Units: Solid multi-family layout with a consistent rental history. - Significant Rental Upside: Rents are currently below market, offering a clear path to increase Gross Operating income as leases renew or units turn over. - On-Site Garages: Dedicated garage spaces provide secure vehicle parking or storage- offering an immediate opportunity to generate extra monthly rent per garage space or bundle them for higher overall residential lease rates. -Owned Laundry Income: Owned on-site Laundry Facilities generate approximately $300/ month in steady additional revenue with no third- party lease vendor taking a cut. Pride of ownership ensures low near-term capital expenditures, letting you focus on optimizing income. Conveniently located with quick access to major San Diego freeways, public transit.
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Additional Information
- Zoning
- R2
- Appliances
- Gas Cooktop, Disposal, Gas Oven
- Pool Type
- None
- Garage Spaces
- 3
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.