375 49th St San Diego, CA 92113-2073
Property profile & analytics
375 49th St San Diego, CA 92113-2073
- Apartment buildings
- 8,984 SF
- 0.39 lot acres
Property ID
US09-8758138
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 375 49th St
- Year built
- 1971
- Lot size
- 0.39 lot acres
- Property size
- 8,984 SF
- Zone code
- R-2:MINOR MULTIPLE
- Property type
- Apartment buildings
- APN
- 548-241-22-00
- APU
- 5482412200
Description
This exceptional 10-unit apartment building presents a compelling investment opportunity in San Diego's vibrant Encanto neighborhood. Situated on a substantial 17,694 square foot lot, the property boasts a mix of spacious units: four 3-bedroom/2-bathroom units (approximately 1,000 sq ft each) and six 2-bedroom/1-bathroom units (approximately 830 sq ft each). The 8,984 square foot building, constructed in 1971 and extensively renovated a decade ago, features updated kitchens and bathrooms with tile, new cabinets, vanities, and appliances. Bedrooms include mirrored closet doors. Residents enjoy convenient onsite laundry facilities and approximately 20 gated parking spaces, accessible via a rear entrance on S Willie James Jones Avenue. The property benefits from its location within an Opportunity Zone and the Complete Communities Plan, suggesting significant future development potential, particularly above the existing parking lot. Currently generating a NOI of $161,662 (with a pro-forma NOI of $198,349), and a 5.67% cap rate (6.96% pro-forma), this asset offers a strong return on investment. An assumable loan of $1,710,000 at a fixed 2.94% interest rate until June 2026 is available, further enhancing the financial appeal. The property is offered at $2,850,000 ($285,000 per unit and $317.23 per square foot). Showings are by appointment only with an accepted offer. Please do not disturb tenants.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,980,000
- ML approach
- $2,085,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,475,000
- 6.5%
- $2,285,000
- 7%
- $2,120,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,920,000 Current use
- AUTO REPAIR, GARAGE
- $3,460,000 Change: +19% Conversion: Difficult
- RETAIL STORES
- $2,790,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.089
- Latitude
- 32.7013
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,833
$1,252,225
$1,171,573
$2,423,798
-
$0.00
$0.00
$0.00
