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
$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
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
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: SDMLS
Originating MLS: SDMLSFacts & 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 & HOA
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $415/sqft
- Date on market: 5/13/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Sold | $4,150,000-1%$415/sqft |
Source:  SDMLS #250027339 Report a problem | ||
| 7/21/2025 | Pending sale | $4,190,000$419/sqft |
Source: SDMLS #250027339 Report a problem | ||
| 6/23/2025 | Listed for sale | $4,190,000$419/sqft |
Source: SDMLS #250027339 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Colina del Sol
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Nearby schools
GreatSchools rating
- 7/10Ibarra Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Mann Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Crawford High SchoolGrades: 9-12Distance: 0.8 mi
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