Turnkey 4-Unit Investment Opportunity in City Heights An incredible opportunity to own a fully renovated four-unit apartment complex in City Heights. Each unit has been thoughtfully updated with new flooring, modernized kitchens, and stylishly upgraded bathrooms. Featuring expansive living rooms with cozy fireplaces and gorgeous wood ceilings, Shared laundry for each building, dedicated parking spots for each unit, and exclusive yard spaces for storage or outdoor living, these units offer both comfort and convenience for tenants. Situated in a fully gated complex, this property provides a secure and inviting environment. With the potential to bring in $11,200/ month this makes it an excellent choice for investors seeking strong rental potential. Conveniently located near SDSU, major freeway access, shopping, dining, and everyday essentials, this is a prime location for steady occupancy and passive income. A true turnkey investment in one of San Diego’s rapidly growing neighborhoods.
Sold for $1,165,000 on 04/01/25
$1,165,000
4281-87 51st St, San Diego, CA 92115
4beds
4baths
--sqft
Multi Family
Built in 1959
-- sqft lot
$1,135,900 Zestimate®
$--/sqft
$3,588 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 02, 2025 at 08:57am
Listed by:
Seth Struiksma DRE #01868552 714-448-4699,
Compass
Bought with:
Jamie Blakely, DRE #01342518
Compass
Source: SDMLS,MLS#: 250020691
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Fireplace, Forced Air Unit
Cooling
- Wall/Window
Interior area
- Total structure area: 2,244
Property
Features
- Levels: 1 Story
- Pool features: N/K
- Spa features: N/K
- Fencing: Full,Gate
- Has view: Yes
- View description: N/K
- Frontage type: N/K
Lot
- Size: 6,098 sqft
Details
- Parcel number: 4721620200
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
- Special conditions: N/K
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Stucco
- Roof: Other/Remarks
Condition
- Year built: 1959
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & neighborhood
Security
- Security features: N/K
Location
- Region: San Diego
- Subdivision: CITY HEIGHTS
Other
Other facts
- Listing terms: Cash,Conventional,Exchange,FHA,VA
Services availability
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Estimated market value
$1,135,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,135,900