4444 49th St San Diego, CA 92115-4603
Property profile & analytics
4444 49th St San Diego, CA 92115-4603
- Apartment buildings
- 4,216 SF
- 0.13 lot acres
Property ID
US09-7221028
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 4444 49th St
- Year built
- 1962
- Lot size
- 0.13 lot acres
- Property size
- 4,216 SF
- Zone code
- R-4:MULTIPLE RESIDENTIAL
- Property type
- Apartment buildings
- APN
- 471-141-08-00
- APU
- 4711410800
Description
This exceptional 8-unit apartment building presents a compelling investment opportunity in San Diego's desirable Talmadge neighborhood. Located at 4444 49th Street, 92115, this property boasts a prime location, close to the College Area Business District and less than two miles from San Diego State University. Built in 1950 and extensively renovated in 2023, the building features a total of 4,216 square feet of net rentable space across two stories, situated on a 5,747 square foot lot. The property currently enjoys 100% occupancy, generating a strong NOI of $181,920, representing a 6.62% cap rate. Pro-forma projections indicate a significant increase in NOI to $234,600 and an 8.53% cap rate. Each of the eight units includes one parking space, and the property is zoned R-4: Multiple Residential. Recent renovations encompass complete kitchen and bathroom upgrades, new appliances, flooring, and lighting fixtures, ensuring high tenant satisfaction. The building's walk score of 91 underscores its convenient access to shopping, leisure activities, and public transportation, making it a highly attractive rental property. The asking price is $2,750,000, or $343,750 per unit. This is a stabilized investment opportunity with significant upside potential. The property is owned as a corporation and is not subject to a ground lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,615,000
- ML approach
- $1,670,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,160,000
- 6.5%
- $1,070,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,609,000
Market price range: $396k - $1.61M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,060,000 Current use
- MEDICAL BUILDING
- $2,455,000 Change: +132% Conversion: Moderate
- OFFICE BUILDING
- $1,780,000 Change: +68% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,625,000 Change: +53% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,360,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $1,360,000 Change: +28% 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
- 32.7576
- 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
$26,847
$1,530,000
$647,700
$2,177,700
-
$0.00
$0.00
$0.00
