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4-Unit Quadplex with Parking
For Sale
$2,849,000
Pending

4527 49 Olney St, San Diego, CA 92109

Four-unit residential income property with a detached home, separate triplex, updated systems, and multiple on-site parking options.

Property SizeContact for details
Lot Size0.14 Acres
Days on Market11

Property Features for 4527 49 Olney St

General Information

Standard status Pending
Total Parking Spaces 4
Lot size 0.14 Acres
Property subtype Investment
Zoning RM-2-5
Occupancy 50%

Site & Location

Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Amenities

in-unit laundry
private gated yard
island kitchen
mini-split A/C

Building Details

Year Built 1956
Buildings 2
Stories 2
Units 4
Tenancy Multi
Listing Agency: Starker West, Inc
Listed By: Adam Cairo · License #01948040
Source: Elliman
Added: Aug 19 Changed: Aug 28 Last Checked: Aug 29 at 2:37PM

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 Starker West, Inc

Investment Insights

Based on property information with market context.

This four-unit residential property combines a detached 2BR/1BA home with a separate building containing three 2BR/1BA units. The detached residence includes a gated yard, island kitchen, and mini-split A/C. Two units have been fully renovated, and recent property improvements include roofing, electrical work, windows, fencing, turf, landscaping, and concrete. Every unit has in-unit laundry and separate gas and electric meters, with two water meters serving the property.

The property occupies a 6,237 SF RM-2-5 lot in Pacific Beach extending from Felspar St to the alley. Alley access serves two open parking spaces, two covered carport spaces, and tandem parking. Two units are scheduled for vacant, lease-ready delivery, while the other two have month-to-month tenants. Mission Bay and the beach are located just blocks away.

Key Highlights

  • Four units: one detached 2BR/1BA home and a separate triplex with three 2BR/1BA units
  • 6,237 SF RM‑2‑5 lot extending from Felspar St to the alley
  • Recent improvements include roofs, electrical, windows, fencing, turf, landscaping, and concrete

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Food Market Parking Lot & Garage Grocery & Convenience Store Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,645
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential income property with a detached home, separate triplex, updated systems, and multiple on-site parking options.
Where is this quadplex located?
The property is located at 4527 49 Olney St San Diego, CA.
What is the asking price?
The asking price for this property is $2,849,000.
What are key features of this property?
This property features: Four units: one detached 2BR/1BA home and a separate triplex with three 2BR/1BA units; 6,237 SF RM‑2‑5 lot extending from Felspar St to the alley; Recent improvements include roofs, electrical, windows, fencing, turf, landscaping, and concrete
More about this property
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