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
$1,165,000
4281-87 51st St, San Diego, CA 92115
4beds
--sqft
Multi Family
Built in 1959
-- sqft lot
$1,169,100 Zestimate®
$--/sqft
$2,789 Estimated rent
Home value
$1,169,100
$1.06M - $1.27M
$2,789/mo
Zestimate® history
Owner options
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$2,789/mo
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$2,789/mo
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$7,364/mo
Est. payment
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$7,364/mo
Est. payment
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List your homeWhat's special
Stylishly upgraded bathroomsNew flooringModernized kitchensExclusive yard spacesGorgeous wood ceilingsCozy fireplaces
Zillow last checked:
Listing updated:
Listed by:
Seth Struiksma DRE #01868552 714-448-4699,
Compass
Bought with:
Jamie Blakely, DRE #01342518
Compass
Source: SDMLS,MLS#: 250020691
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full 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 Square Feet
Details
- Parcel number: 4721620200
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
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 & HOA
Community
- Security: N/K
- Subdivision: CITY HEIGHTS
HOA
- Services included: N/K
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $290,863
- Annual tax amount: $4,261
- Date on market: 3/6/2025
- Listing terms: Cash,Conventional,Exchange,FHA,VA
- Tenant pays: N/K
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $1,165,000-0.9% |
Source:  SDMLS #250020691 Report a problem | ||
| 3/12/2025 | Pending sale | $1,175,000 |
Source: SDMLS #250020691 Report a problem | ||
| 3/6/2025 | Listed for sale | $1,175,000+42.4% |
Source: SDMLS #250020691 Report a problem | ||
| 2/3/2025 | Sold | $825,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,261 +18.5% | $290,863 +2% |
| 2024 | $3,595 +2.3% | $285,160 +2% |
| 2023 | $3,513 +2.7% | $279,570 +2% |
| 2022 | $3,420 +0.7% | $274,089 +2% |
| 2021 | $3,397 +1.2% | $268,716 +1% |
| 2020 | $3,357 +4.5% | $265,962 +2% |
| 2019 | $3,212 +4% | $260,748 +2% |
| 2018 | $3,088 +2.4% | $255,636 +2% |
| 2017 | $3,015 +1.7% | $250,625 +2% |
| 2016 | $2,965 +1.5% | $245,712 +1.5% |
| 2015 | $2,921 +1.5% | $242,022 +2% |
| 2014 | $2,876 | $237,282 +0.5% |
| 2013 | -- | $236,211 +2% |
| 2012 | -- | $231,581 +2% |
| 2011 | -- | $227,042 +0.8% |
| 2010 | -- | $225,347 -0.2% |
| 2009 | -- | $225,883 +2% |
| 2008 | -- | $221,455 +2% |
| 2007 | -- | $217,114 +2% |
| 2006 | -- | $212,858 +2% |
| 2005 | -- | $208,685 +2% |
| 2004 | -- | $204,594 +1.9% |
| 2003 | -- | $200,845 +2% |
| 2002 | -- | $196,908 +2% |
| 2001 | -- | $193,048 |
Find assessor info on the county website
Neighborhood: Colina del Sol
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Nearby schools
GreatSchools rating
- 2/10Fay Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Mann Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Crawford High SchoolGrades: 9-12Distance: 0.5 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,169,100
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
$1,169,100
- California
- San Diego County
- San Diego
- 92115
- Colina del Sol
- 4281-87 51st St
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