Turnkey Four-Unit Residential
For Sale
Contact for pricing
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$687.70
Days on Market134
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
Building Details
Year Built
2026
Units
1
Listing Agency:
Compass
Listed By:
Sidnev Muldrow · License #01786078
(619) 888-6255
Source:
Crexi
Added: Apr 29
Changed: Sep 8
Last Checked: Sep 8 at 7:49AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,357
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $64,357 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$847.3K
$741.4K – $988.6K
NOI $59,314 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,644 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $2,180,000.
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
