Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4227 49th St San Diego, CA 92115-8029
    Property profile & analytics

    4227 49th St San Diego, CA 92115-8029

    View on Map
    • Apartment buildings
    • 5,628 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Nov 13, 2024
    $1,350,000
    Property ID
    US09-8591654
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FRANCINE'S TAILORING & ALTERATIONS / (Bike/Boat/Book/etc) Store

    Property Details for 4227 49th St

    Year built
    1969
    Lot size
    0.16 lot acres
    Property size
    5,628 SF
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    471-332-08-00
    APU
    4713320800

    Description

    This exceptional 8-unit apartment building presents a compelling investment opportunity in San Diego, CA. Located at 4227 49th Street, this 5,628 square foot property boasts a strong 100% occupancy rate, generating a current NOI of $94,762 and a 6.04% cap rate. The property, built in 1969, sits on a 6,907 square foot lot and features a mix of unit sizes: three 2-bedroom/1.75-bathroom units and five 1-bedroom/1-bathroom units. Each unit benefits from one designated surface parking space. The property's pro-forma NOI is projected at $131,327, resulting in an attractive 8.36% pro-forma cap rate, indicating significant upside potential. The asking price is $1,570,000, or $196,250 per unit. This two-story building presents a rare opportunity to acquire a well-maintained multifamily property in a desirable San Diego location with strong rental income and growth potential. The property's solid performance and location make it an ideal addition to any investment portfolio. The property is classified as Class C.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    32.7537
    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
    $6,673
    $180,809
    $354,097
    $534,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      5849 El Cajon Blvd, Unit 59

      APARTMENT HOUSE (5+ UNITS) • 0.51 Acres
      5849 El Cajon Blvd, San Diego, CA 92115-3741
      View Details
    • Value Estimation
      $1,340,000
      6,880 SF

      4474 Winona Ave

      APARTMENT HOUSE (5+ UNITS) • 6,880 SF
      4474 Winona Ave, San Diego, CA 92115-4674
      View Details
    • Value Estimation
      $785,000
      5,857 SF

      4476 Winona Ave, Unit 78

      APARTMENT HOUSE (5+ UNITS) • 5,857 SF
      4476 Winona Ave, San Diego, CA 92115-4659
      View Details
    • Value Estimation
      $1,435,000
      29,000 SF

      5804 Ascot St, Unit 45

      APARTMENT HOUSE (5+ UNITS) • 29,000 SF
      5804 Ascot St, San Diego, CA 92115-6409
      View Details
    • Value Estimation
      $9,675,000
      76,544 SF

      5664 Andros Pl

      APARTMENT HOUSE (5+ UNITS) • 76,544 SF
      5664 Andros Pl, San Diego, CA 92115-6272
      View Details
    • Value Estimation
      $2,640,000
      15,449 SF

      4349 46th St, Unit 55

      APARTMENT HOUSE (5+ UNITS) • 15,449 SF
      4349 46th St, San Diego, CA 92115-4324
      View Details

    Similar Nearby for Sale

    • $12,750,000
      33,740 SF

      Molokai Apartments: Multifamily Investment Opportunity

      Garden-style apartments in College East neighborhood with upside potential.
      5055 73Rd St, San Diego, CA 92115
      View Details
    • $1,895,000
      3,500 SF

      Talmadge Multifamily Investment Opportunity

      Seven-unit apartment building in desirable Talmadge neighborhood.
      4480-86 51St St, San Diego, CA 92115
      View Details
    • $2,795,000

      Turn Key Student Rental Property

      Leased through August 2027, excellent passive cash-flowing investment.
      6144 Pontiac St, San Diego, CA 92115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space on Euclid Avenue

      Retail or office space available on the corner of Euclid.
      4748B El Cajon Blvd, San Diego, CA 92115
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on El Cajon

      Retail space available for lease on El Cajon Blvd.
      7149-7151 El Cajon Blvd, San Diego, CA 92115
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in San Diego, California.
      5757 Montezuma Rd, San Diego, CA 92115
      View Details
    • Contact for pricing
      3,528 SF

      Retail Space on El Cajon

      Retail space available for lease on El Cajon Boulevard.
      5322 El Cajon Blvd, San Diego, CA 92115
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in San Diego, California.
      5854 Montezuma Rd, San Diego, CA 92115
      View Details
    • Contact for pricing
      930 SF

      Retail Space Near SDSU Campus

      Retail space with high visibility near San Diego State University.
      6345-6353 El Cajon Blvd, San Diego, CA 92115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4227 49th St
    San Diego, CA 92115-8029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4227 49th St, San Diego, CA, 92115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!