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4334 49th St

San Diego, CA 92115
  • $2,875,000
  • STATUS: ACTIVE
  • ON SITE: 4 Days
  • ID#: 250000718
New On Site 4 Days Ago
UPDATED: 50 min ago
$2,875,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Introducing 4334 49th Street, an extremely well-maintained 9-unit multifamily property with strong rental income. This two-story building features a desirable unit mix of one 1-bed/1-bath and eight 2-bed/1-bath units, offering a total of 7,331 rentable square feet. Tenants enjoy private balcony access, enhancing their living experience with outdoor space. The property sits on a generous double lot spanning 7,690 square feet, providing ample space and potential for future development under its CT-2-3 zoning designation and Complete Communities Tier 3, allowing for a 6.5 Floor Area Ratio (FAR). With on-site amenities such as a laundry room and 12 parking spaces, this property is especially appealing to tenants. Located in thriving City Heights, 4334 49th Street offers easy access to shopping, dining, schools, and public transportation, ensuring strong tenant demand and low vacancy rates. Tenants have been given rent increases that begin in March. Rental rates shown are the current rents.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/159316153
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4334 49th St San Diego, CA 92115

  • Price: $2,875,000
  • Status: ACTIVE
  • On Site: 4 Days
  • Updated: 50 min ago
  • ID#: 250000718
3
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
Introducing 4334 49th Street, an extremely well-maintained 9-unit multifamily property with strong rental income. This two-story building features a desirable unit mix of one 1-bed/1-bath and eight 2-bed/1-bath units, offering a total of 7,331 rentable square feet. Tenants enjoy private balcony access, enhancing their living experience with outdoor space. The property sits on a generous double lot spanning 7,690 square feet, providing ample space and potential for future development under its CT-2-3 zoning designation and Complete Communities Tier 3, allowing for a 6.5 Floor Area Ratio (FAR). With on-site amenities such as a laundry room and 12 parking spaces, this property is especially appealing to tenants. Located in thriving City Heights, 4334 49th Street offers easy access to shopping, dining, schools, and public transportation, ensuring strong tenant demand and low vacancy rates. Tenants have been given rent increases that begin in March. Rental rates shown are the current rents.
Exterior Features

Carports 3 Parking Spaces Total 12

Interior Features

Sq Ft Of Improvement 7192

Property Features

Actual Cap Rate 4.75 Actual Gross Scheduled Income 211200.0 Actual Operating Expense 71215 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 13.61 Have 9 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want 1031 Projected Cap Rate 6.0 Special None Unit Number1 8 Unit Number2 1 Unit Rent Total1 15800 Unit Rent Total2 1800 Unit Rent1 1975 Unit Rent2 1800

San Diego MLS logo Listing provided courtesy of Scott Edelstein of W & D Real Estate Investments: 619-630-9327. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110