2985 54Th St San Diego, CA 92105
New
Fully remodeled 4-unit property in high-demand San Diego rental corridor.
Type:Investment
- Added:
- Apr 11, 2026
- Days on Market:
- 7
- Last Refresh:
- Apr 11 at 6:30 am
Property Features for 2985 54Th St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1951
Listing agent Mark Revetta License #01248164 (619) 889-6275
Listing office OnQu Realty Inc (619) 889-6275
Listing date Apr 11, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of OnQu Realty Inc
Overview
Turnkey Remodeled 4-Unit Investment Property
This is a turnkey 4-unit investment opportunity that has been fully remodeled. Each unit includes indoor laundry, air conditioning, and heating. The property is suited for investors seeking a stabilized asset with minimal deferred maintenance. Projections estimate approximately $10,250 per month ($123,000 per year), offering a GRM of 12.6 and a 5.85% Cap Rate at the list price. The unit mix includes three 3-bedroom units and one 1-bedroom unit. The units have not been previously occupied post-renovation. The property is professionally managed and currently advertising for tenants, with projected operating expenses of approximately 26.5%, including a transferrable 6.5% management fee. The property is located in a high-demand rental corridor of San Diego with convenient access to mass transit, major freeways, churches, and shopping. San Diego State University is located 3.5 miles away. The bike score is 18, indicating it is somewhat bikeable. The walk score is 48, indicating car-dependent. The transit score is 33, indicating some transit options are available.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.07922
- Latitude
- 32.736427
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully remodeled 4-unit property in high-demand San Diego rental corridor.
Where is this quadplex located?
The property is located at 2985 54Th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Turnkey investment property; fully remodeled with no deferred maintenance.; High‑demand San Diego rental corridor location, near transit, freeways, shopping, and SDSU.; Projected $10,250/month income ($123k/year) with a 5.85% Cap Rate.
