4444 49Th St San Diego, CA 92115
For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-4:MULTIPLE RESIDENTIAL · San Diego, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R-4:MULTIPLE RESIDENTIAL in San Diego, CA.
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