Turnkey San Diego Multifamily Investment

2985-87 54Th St, San Diego, CA 92105

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Pending

$1,498,000

MULTI_FAMILY - San Diego, CA

Property size:

2,989 SF

Lot size:

0.14 Acres

HighLights

Turnkey 4‑unit investment property, fully remodeled and never occupied post‑renovation.
Projected income of approximately $10,250/month ($123k/year) with a 6%+ Cap Rate.
All units have A/C & heat and indoor laundry.
Desirable unit mix: three 3‑bedroom units and one 1‑bedroom unit.
Professionally managed with transferable 6.5% management fee and projected operating expenses of approximately 26.5%.
Located in a high‑demand San Diego rental corridor with convenient access to transportation, shopping, and SDSU.

We can help!

Listing Contact

Mark Revetta

Pending

$1,498,000

MULTI_FAMILY - San Diego, CA

Property size:

2,989 SF

Lot size:

0.14 Acres

Added:: Apr 9, 2026
Days on Market:: 70
Last Refresh:: Jun 17 at 3:06 am

Property Features for 2985-87 54Th St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-3:RESTRI
Bedrooms: 10
Bathrooms: 6
Rooms: Bathroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 3
Exterior features: Public Street
Standard status: Pending
APN: 477-341-01-00
Size: 2,989 SF
Lot size: 0.14 Acres

Utilities

Cooling system: Wall/Window Unit(s)

Building Details

Year built: 1951
Floors in Building: 1
Number of units: 4
Roof type: Composition

We can help!

Listing Contact

Mark Revetta

Listing agent Mark Revetta License #01248164

Listing office OnQu Realty 9400 Grossmont Summit Dr#206, La Mesa, CA

Listing date Apr 9, 2026

MLS# 260008464 Listing URL

HighLights

Turnkey 4‑unit investment property, fully remodeled and never occupied post‑renovation.
Projected income of approximately $10,250/month ($123k/year) with a 6%+ Cap Rate.
All units have A/C & heat and indoor laundry.
Desirable unit mix: three 3‑bedroom units and one 1‑bedroom unit.
Professionally managed with transferable 6.5% management fee and projected operating expenses of approximately 26.5%.
Located in a high‑demand San Diego rental corridor with convenient access to transportation, shopping, and SDSU.

Overview

This is a turnkey, four-unit multifamily property located in a high-demand rental corridor of San Diego. The property has been fully remodeled and offers a stabilized asset with minimal deferred maintenance, suitable for investors. The unit mix includes three 3-bedroom units and one 1-bedroom unit. Each unit is equipped with indoor laundry, air conditioning, and heating. The units have not been previously occupied since the renovation, presenting a turnkey opportunity for a new owner and tenants. The property is professionally managed and currently advertising for tenants. It is located with convenient access to mass transit, major freeways, churches, shopping, and San Diego State University (SDSU), which is 3.5 miles away. The property size is 2989 square feet and the lot size is 0.1372 acres.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: San Diego
County: San Diego
State: California
Longitude: -117.0791664
Latitude: 32.7362545

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For sale
Quadplexes
CA
San Diego
92105
2985-87 54Th St

What type of property is this?

Quadplex - Fully remodeled four-unit property in high-demand San Diego rental corridor.

Where is this quadplex located?

The property is located at 2985-87 54Th St San Diego, CA.

What is the asking price?

The asking price for this property is $1,498,000.

What are key features of this property?

This property features: Turnkey 4‑unit investment property, fully remodeled and never occupied post‑renovation.; Projected income of approximately $10,250/month ($123k/year) with a 6%+ Cap Rate.; All units have A/C & heat and indoor laundry.

2985-87 54Th St, San Diego, CA 92105

MULTI_FAMILY - San Diego, CA

Property Features for 2985-87 54Th St

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Commercial Building on University

San Diego Multifamily Investment Opportunity

Well-Maintained Duplex With Garages

Hillcrest Multifamily Investment Opportunity

San Diego Retail Auto Facility

Townhome-Style Multifamily Property

Mixed-Use Corner Property with Office

Residential Income Quadplex Opportunity

Retail Opportunity Near Ocean Beach

Renovated Triplex with ADU Potential

Linda Vista Multifamily Investment Opportunity

Triplex with Private Patio Areas

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