Turnkey 4-Unit Apartment Building

87-2985 54Th St, San Diego, CA 92105

View on Map

For Sale

$1,498,000

Fully remodeled four-unit property with indoor laundry and HVAC in every unit.

Type:Investment

HighLights

Fully remodeled 4‑unit property (built 1951) with indoor laundry and A/C & heat in every unit
Unit mix: three 3‑bedroom units and one 1‑bedroom unit
Units have not been previously occupied post‑renovation
Projected gross income of approx. $10,250/mo (approx. $123k/yr) and projected GRM of 12.25 at list price
Projected 6%+ cap rate at list price; projected operating expenses approx. 26.5% including transferrable 6.5% management fee
San Diego rental corridor with access to mass transit and major freeways; SDSU is 3.5 miles away

We can help!

Listing Contact

Mark Revetta

Learn more

For Sale

$1,498,000

Fully remodeled four-unit property with indoor laundry and HVAC in every unit.

Type:Investment

Added:: Jun 3, 2026
Days on Market:: 8
Last Refresh:: Jun 6 at 3:01 am

Property Features for 87-2985 54Th St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1951

We can help!

Listing Contact

Mark Revetta

Listing agent Mark Revetta License #01248164

Listing office OnQu Realty Inc

Listing date Jun 3, 2026

Source Elliman

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 OnQu Realty Inc

HighLights

Fully remodeled 4‑unit property (built 1951) with indoor laundry and A/C & heat in every unit
Unit mix: three 3‑bedroom units and one 1‑bedroom unit
Units have not been previously occupied post‑renovation
Projected gross income of approx. $10,250/mo (approx. $123k/yr) and projected GRM of 12.25 at list price
Projected 6%+ cap rate at list price; projected operating expenses approx. 26.5% including transferrable 6.5% management fee
San Diego rental corridor with access to mass transit and major freeways; SDSU is 3.5 miles away

Overview

Turnkey four-unit investment opportunity featuring a fully remodeled unit mix of three 3-bedroom homes and one 1-bedroom unit. Each unit includes indoor laundry plus its own air conditioning and heating, supporting tenant comfort and day-to-day convenience. The units have not been previously occupied since the renovations, giving a new owner and incoming tenants a truly post-renovation starting point.

The property is located in a high-demand rental corridor in San Diego, with convenient access to mass transit and major freeways. Area amenities referenced in the public remarks include churches and shopping, and San Diego State University is listed as 3.5 miles away. BikeScore is 18 (somewhat bikeable), WalkScore is 48 (car-dependent), and TransitScore is 33 (some transit), reflecting a location where vehicles and transit options both play a role.

For investors, this is positioned as a turnkey, professionally managed asset with current tenant advertising and projected operating expenses provided in the remarks. The unit configuration is well-suited to renters looking for larger 3-bedroom layouts alongside a smaller 1-bedroom option within the same building.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: San Diego
County: San Diego
State: California
Longitude: -117.078209
Latitude: 32.706651

Nearby Similar for Sale

$1,055,000

2,273 SF

Freestanding Commercial Building on University

Commercial building in Rolando/College Area with flexible layout.

6334 University Avenue, San Diego, CA 92115

View Details
$8,995,000

9,112 SF

San Diego Multifamily Investment Opportunity

NNN leased 26-unit property with repositioning potential.

4017 42nd St, San Diego, CA 92105

View Details
$1,399,900

1,505 SF

Well-Maintained Duplex with Detached Garages

San Diego duplex near Adams Avenue with remodeled interiors, private outdoor space, and separate utility metering for each unit.

3671 Madison Avenue, San Diego, CA 92116

View Details
$2,295,000

4,148 SF

Hillcrest Multifamily Investment Opportunity

Classic 6-unit apartment building in San Diego's vibrant Hillcrest neighborhood.

3409-21 5th Avenue, San Diego, CA 92103

View Details
$2,500,000

3,396 SF

San Diego Retail Auto Facility

Retail auto repair facility with long-term tenant in San Diego.

4491 Park Boulevard, San Diego, CA 92116

View Details
$4,900,000

12,064 SF

Townhome-Style Multifamily Property

Fourteen remodeled townhome units with fenced private yards, indoor laundry, and ample parking across two buildings.

1054-1058 OUTER ROAD, San Diego, CA 92154

View Details
$4,890,000

3,750 SF

Mixed-Use Corner Property with Office

Five-unit mixed-use asset with a long-term leased office and extensively remodeled residential units, plus upgraded building systems.

110 Maple, San Diego, CA 92103

View Details
$1,685,000

2,860 SF

Corner-Lot Residential Income Triplex

Three rental units with off-street parking and private outdoor space, plus significant roof, electrical, plumbing, and foundation improvements.

1815 Mission Cliff Dr, San Diego, CA 92116

View Details
$1,450,000

1,577 SF

Renovated Duplex with Private Yards

Turnkey duplex featuring two fully independent residences with separate parking, private outdoor space, and modern finishes.

4436 Bancroft Street 38, San Diego, CA 92116

View Details
$1,219,000

1,280 SF

Old Town San Diego Quadruplex

Four units in a vibrant, walkable San Diego neighborhood.

2525 Jefferson Street, San Diego, CA 92110

View Details
$2,250,000

1,916 SF

Retail Opportunity Near Ocean Beach

Retail building with bonus studio near Ocean Beach Pier.

4975 Newport Ave., San Diego, CA 92107

View Details
$1,125,000

2,100 SF

Renovated Triplex with ADU Potential

Three fully permitted, newly renovated homes on one gated lot offer flexible living or rental income near the coast.

1610-12 Dahlia Avenue, San Diego, CA 92154

View Details

For sale
Quadplexes
CA
San Diego
92105
87-2985 54Th St

What type of property is this?

Quadplex - Fully remodeled four-unit property with indoor laundry and HVAC in every unit.

Where is this quadplex located?

The property is located at 87-2985 54Th St San Diego, CA.

What is the asking price?

The asking price for this property is $1,498,000.

What are key features of this property?

This property features: Fully remodeled 4‑unit property (built 1951) with indoor laundry and A/C & heat in every unit; Unit mix: three 3‑bedroom units and one 1‑bedroom unit; Units have not been previously occupied post‑renovation