Renovated Four-Unit Apartment
4140 48th St San Diego, CA 92105
For Sale
$2,100,000
Fully renovated four-unit multifamily property with five tandem parking spaces and large-format apartment layouts.
Property Size4,180 SF
Lot Size0.15 Acres
Price / SF$502.39
Days on Market117
Property Features for 4140 48th St
General Information
- Standard status
- Active
- Size
- 4,180 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1964
Listing Agency:
Bridgepoint Realty Inc
(858) 735-9977
Listed By:
Adrian Gonzalez-Pureco · License #01844618
(858) 735-9977
Source:
Americangrouponline
Added: Mar 31
Changed: Jul 22
Last Checked: Jul 25 at 3:16PM
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 Bridgepoint Realty Inc
Investment Insights
Based on property information with market context.
This fully renovated, turnkey four-unit apartment building is built around a single residential structure on a 6,397 SF parcel. The 4,180 SF layout provides four large-format units, including two 3-bedroom/2-bath units and two 4-bedroom/2-bath units, each averaging 1,045 SF. The property includes five tandem parking spaces.
Located in the Colina del Sol neighborhood of San Diego, the property is positioned about one block south of El Cajon Boulevard and near Interstate 15. The proximity to San Diego State University and Downtown San Diego supports convenient access to major destinations.
The unit mix is designed for larger households, with all four units featuring either a 3-bedroom/2-bath or 4-bedroom/2-bath configuration.
Located in the Colina del Sol neighborhood of San Diego, the property is positioned about one block south of El Cajon Boulevard and near Interstate 15. The proximity to San Diego State University and Downtown San Diego supports convenient access to major destinations.
The unit mix is designed for larger households, with all four units featuring either a 3-bedroom/2-bath or 4-bedroom/2-bath configuration.
Key Highlights
- Fully renovated four‑unit multifamily property built in 1964
- 4,180 SF residential structure on a 6,397 SF parcel
- Unit mix: two 3‑bedroom/2‑bath and two 4‑bedroom/2‑bath units
Financial Insights For Multifamily LT 5
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 | $127.9k | $30.60 |
| − Vacancy | −$6.7k | −$1.60 |
| EGI | $121.2k | $29.00 |
| − OpEx | −$36.4k | −$8.70 |
| NOI | $84.9k | $20.30 |
4,180 SF · lease $30.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,862 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$1.12M
$977.7K – $1.30M
NOI $78,212 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.93M
NOI $115,569 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully renovated four-unit multifamily property with five tandem parking spaces and large-format apartment layouts.
Where is this quadplex located?
The property is located at 4140 48th 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: Fully renovated four‑unit multifamily property built in 1964; 4,180 SF residential structure on a 6,397 SF parcel; Unit mix: two 3‑bedroom/2‑bath and two 4‑bedroom/2‑bath units
