4062 49th Street San Diego San Diego, CA 92105
A 9-unit apartment building with all units fully remodeled in 2025 and an expanded onsite laundry facility.
Property Features for 4062 49th Street San Diego
General Information
- Standard status
- Active
- Size
- 5,190 SF
- Lot size
- 0.13 Acres
Listing office (909) 328-1567
Listing date Jul 8, 2026
Source Rmarealty
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Investment Insights
Based on property information with market context.
All units were completely remodeled in 2025, including new canned lighting, window coverings, and vinyl plank flooring with new baseboards. The updates also include new appliances and electric wall heaters powered by new sub panels, along with interior plumbing replacements with copper and ABS as needed. Kitchens and bathrooms feature new cabinets, fixtures, hardware, and quartz countertops. Exterior improvements include a new roof, stucco repair, exterior repainting, new security doors, and waterproofing of the balconies. An expanded onsite laundry facility with new machines serves residents.
The property is located in City Heights near transit and shopping off El Cajon Blvd.
Key Highlights
- 9‑unit apartment building in City Heights, built in 1968, totaling 5,190 SF on a 5,739 SF lot
- All nine 1 bed / 1 bath units were completely remodeled in 2025
- 2025 improvements include new roof, stucco repair, exterior repaint, new security doors, and balcony waterproofing
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.8k | $36.00 |
| − Vacancy | −$10.3k | −$1.98 |
| EGI | $176.6k | $34.02 |
| − OpEx | −$79.5k | −$15.31 |
| NOI | $97.1k | $18.71 |
