2642 44th Street, San Diego, CA, 92105

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$2,400,000
102 Days On Site

2642 44th Street
San Diego, CA 92105

For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths
6,185
SqFt
$388
/SqFt
1984
Built
County:
San Diego
Listed by Maxwell Brown of Commercial Asset Advisors [email protected]

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2642 44th Street2642 44th Street2642 44th Street2642 44th Street
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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 
102 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,185 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2156 Acres
Year Built 
1984
MLS® Number 
PTP2405613
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $2,400,000
3 months agoListing first seen on site
General Features
Acres 
0.2156
Number Of Stories 
2
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6185
Zoning 
Multifamily
Interior Features
Laundry Features 
None
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Exterior Features
Pool Features 
None
Community Features
Building Access 
street
Community Features 
Curbs
Financing Terms Available 
Conventional
MLS Area 
92105 - East San Diego


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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