6.13% Cap Rate | Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1–2 additional units. Upside in rents with minimal improvements.
Sold for $4,150,000 on 08/27/25
$4,150,000
4275 48th St, San Diego, CA 92115
3beds
3baths
9,990sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$415/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 04, 2025 at 11:58am
Listed by:
Jordan A Concepcion DRE #01936834 858-461-9910,
Apartment Realty Group (ARG)
Bought with:
Jake May, DRE #01292626
The Jake May Team, Inc.
Source: SDMLS,MLS#: 250027339
Originating MLS: San Diego Association of REALTOR
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Interior area
- Total structure area: 9,990
- Total interior livable area: 9,990 sqft
Property
Features
- Stories: 2
Details
- Parcel number: 4713223600
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & neighborhood
Location
- Region: San Diego