4-Unit Quadplex with New
6742 48 Waterman, San Diego, CA 92111
For Sale
New
$2,100,000
All residences are leased through 2027, with private entrances and in-unit laundry.
Property Size3,667 SF
Days on Market3
Property Features for 6742 48 Waterman
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
skylit upper unit
wraparound balcony
open breakfast-bar kitchens
private entrances
in-unit washer/dryer
Building Details
Building Size
Year Built
Units
Listing Agency:
Gene Bowman Realty
Listed By:
Christian Ballow · License #02046669
(619) 207-7601
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:28PM
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 Gene Bowman Realty
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Investment Insights
Based on property information with market context.
The four-unit property combines a remodeled 3-bedroom, 2-bath home with three 2-bedroom, 2-bath residences. One upper-level unit and two ADUs are new construction. Each residence has a private entrance and an in-unit washer and dryer. The upper unit also features a skylit interior and wraparound balcony, while the kitchens include breakfast bars. The property was built in 1948, with the newer units and remodeled home forming the current configuration.
All four units are leased, with leases extending into 2027. The stated pro forma cap rate is 5.1%, and the GRM is 15.4. The property is in Linda Vista, with access to major freeways and shopping.
All four units are leased, with leases extending into 2027. The stated pro forma cap rate is 5.1%, and the GRM is 15.4. The property is in Linda Vista, with access to major freeways and shopping.
Key Highlights
- Four units: one 3‑bedroom, 2‑bath home and three 2‑bedroom, 2‑bath units
- Three residences are new construction; the 3‑bedroom home has been remodeled
- All 4 units leased, with leases running into 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,689
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,780
$1.3M
Cap Rate 7%
$938,414
$938.4K
Cap Rate 9%
$729,878
$729.9K
Market Conditions
NOI Build-Up for 3,667 SF
Gross rent
$99.0K $27.00/SF
− Vacancy
−$5.2K −$1.41/SF
EGI
$93.8K $25.59/SF
− OpEx
−$28.2K −$7.68/SF
NOI
$65.7K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,780
Cap Rate 7%
$938,414
Cap Rate 9%
$729,878
Alternative Uses
Best Use
Multifamily LT 5
$938.4K
$821.1K – $1.09M
NOI $65,689 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$865.8K
$757.6K – $1.01M
NOI $60,608 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,385 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in San Diego, CA
Properties on Market for Quadplexes in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are leased through 2027, with private entrances and in-unit laundry.
Where is this quadplex located?
The property is located at 6742 48 Waterman 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: Four units: one 3‑bedroom, 2‑bath home and three 2‑bedroom, 2‑bath units; Three residences are new construction; the 3‑bedroom home has been remodeled; All 4 units leased, with leases running into 2027
