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$2,400,000
105 Days On Site

2642 44th Street
San Diego, CA 92105

For Sale|Residential Income|Active
3
Beds
2
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
Subdivision:
City Heights
County:
San Diego
Listed by Maxwell R Brown of Commercial Asset Advisors 9258726746
Call Now: 858-289-2377
Is this the home for you? We can help make it yours.
858-289-2377
2642 44th Street2642 44th Street2642 44th Street2642 44th Street
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Monthly Payment (Est.)

$10,950
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

2642-48 44th St presents the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics with $206,880 in gross annual income yielding a 5.81% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 7.05%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.

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Listing Snapshot
Price 
$2,400,000
Days On Site 
105 Days
Bedrooms 
3
Inside Area (SqFt) 
N/A
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.2156 Acres
Year Built 
N/A
MLS® Number 
PTP2405613
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $2,400,000
3 months agoStatus changed to Active
3 months agoListing first seen on site
General Features
Acres 
0.2156
Number Of Stories 
2
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Listed by Maxwell R Brown of Commercial Asset Advisors 9258726746



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2024 San Diego MLS®.

Data last update at 2024

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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