4444 49TH ST, SAN DIEGO CA 92115
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.
Listing Courtesy of Christian Romero, Millennial Realty Group
Interior Features
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