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Turnkey Four-Unit Residential Income
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3546-3552 47TH ST, San Diego, CA 92105

Four fully remodeled units each include assigned off-street parking and in-unit washer/dryer.

Property Size3,170 SF
Price / SF$662.46
Days on Market179

Property Features for 3546-3552 47TH ST

General Information

Standard status Active
Size 3,170 SF
Property subtype Multifamily
Occupancy 100%
Net Operating Income $114,500

Site & Location

Neighborhood Fairmont Village

Building Details

Year Built 2026
Units 1
Listing Agency: Compass
Listed By: Sidnev Muldrow · License #01786078
Source: Crexi
Added: Apr 29 Changed: Oct 10 Last Checked: Oct 24 at 4:48PM

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 Compass

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Investment Insights

Based on property information with market context.

This turnkey four-unit residential income property features a fully remodeled front home and three newly constructed rear units. The front home includes 1,198 SF with an exclusive-use private yard, while the total unit mix consists of two 1-bedroom residences and one 3-bedroom residence with a versatile layout. Each unit is equipped with its own split HVAC system and in-unit washer/dryer, and each unit includes assigned off-street parking.

The property is located at 3546-3552 47th St in San Diego’s Fairmount Village neighborhood of East San Diego, with convenient access to downtown San Diego.

According to the provided information, the owner’s primary expenses are taxes, insurance, and trash. The improvements include modern interior finishes and upgrades such as new dual-pane windows and a new roof for the front home, along with major system and construction updates for the rear units.

Key Highlights

  • 4‑unit property (Year Built 2026) with fully remodeled units and assigned off‑street parking for each unit
  • Front home offers 1,198 SF with a private, exclusive‑use yard
  • Remodeled front home features luxury vinyl plank floors, brand‑new dual‑pane windows, and a new roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$64,357
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,140 $1.3M
Cap Rate 7%
$919,386 $919.4K
Cap Rate 9%
$715,078 $715.1K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$97.0K $30.60/SF
− Vacancy
−$5.1K −$1.60/SF
EGI
$91.9K $29.00/SF
− OpEx
−$27.6K −$8.70/SF
NOI
$64.4K $20.30/SF
Area
ZIP 92105
Vacancy
5.22%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,140
Cap Rate 7%
$919,386
Cap Rate 9%
$715,078

Alternative Uses

Best Use
Multifamily LT 5
$919.4K
$804.5K – $1.07M (±1% cap)
NOI $64,357 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$847.3K
$741.4K – $988.6K (±1% cap)
NOI $59,314 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M (±1% cap)
NOI $87,644 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

1,230
Businesses Nearby

Demographics for 92105, CA

66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four fully remodeled units each include assigned off-street parking and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 3546-3552 47TH ST San Diego, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4‑unit property (Year Built 2026) with fully remodeled units and assigned off‑street parking for each unit; Front home offers 1,198 SF with a private, exclusive‑use yard; Remodeled front home features luxury vinyl plank floors, brand‑new dual‑pane windows, and a new roof
(619) 888-6255 Call to check price and availability
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