Remodeled Two-Unit
4851 Federal Blvd San Diego, CA 92102
4851 Federal Blvd, San Diego, CA, 92102
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For Sale
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Fully remodeled two-unit property with separate yards, AC, remodeled kitchens and baths, and off-street parking via a generous driveway.
Property Size1,711 SF
Price / SF$583.87
Days on Market22
Property Features for 4851 Federal Blvd
General Information
- Standard status
- Active
- Size
- 1,711 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing agency
Compass San Diego
(714) 448-4699
Listed by
Seth Struiksma · License #01868552
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 9:21PM Checked: Jul 21 at 9:21PM
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 San Diego
Investment Insights
Based on property information with market context.
This fully remodeled two-unit property offers two independently operating residences. The front home features 3 bedrooms and 2 bathrooms, while the rear home features 2 bedrooms and 1 bathroom. Both units have been updated with remodeled kitchens and bathrooms, updated windows, bright open living spaces, functional floor plans, and air conditioning, along with their own laundry hookups.
Outside, the property provides an abundance of private outdoor space. The front residence includes a fully enclosed grassy yard, and the rear residence has its own private yard for separation and privacy. A generous driveway provides ample off-street parking with easy access for multiple vehicles.
Located near major freeways, shopping, restaurants, parks, and Downtown San Diego, the property is positioned as a move-in-ready, turnkey option with modern interior updates and well-defined outdoor areas for each unit.
Outside, the property provides an abundance of private outdoor space. The front residence includes a fully enclosed grassy yard, and the rear residence has its own private yard for separation and privacy. A generous driveway provides ample off-street parking with easy access for multiple vehicles.
Located near major freeways, shopping, restaurants, parks, and Downtown San Diego, the property is positioned as a move-in-ready, turnkey option with modern interior updates and well-defined outdoor areas for each unit.
Key Highlights
- Fully remodeled 2‑unit property built in 1947 with separate, independent living setups
- Front unit features 3 bedrooms and 2 bathrooms with a remodeled kitchen and bathroom, updated windows, and AC
- Rear unit features 2 bedrooms and 1 bathroom with a remodeled kitchen and bathroom, updated windows, and AC
Local 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 | $46.2k | $27.00 |
| − Vacancy | −$2.4k | −$1.41 |
| EGI | $43.8k | $25.59 |
| − OpEx | −$13.1k | −$7.68 |
| NOI | $30.6k | $17.91 |
1,711 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.9K
$383.1K – $510.8K
NOI $30,650 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.3K
NOI $28,279 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$675.8K
$591.3K – $788.4K
NOI $47,306 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully remodeled two-unit property with separate yards, AC, remodeled kitchens and baths, and off-street parking via a generous driveway.
Where is this duplex located?
The property is located at 4851 Federal Blvd San Diego, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Fully remodeled 2‑unit property built in 1947 with separate, independent living setups; Front unit features 3 bedrooms and 2 bathrooms with a remodeled kitchen and bathroom, updated windows, and AC; Rear unit features 2 bedrooms and 1 bathroom with a remodeled kitchen and bathroom, updated windows, and AC
