For sale

$875,000

4286 51st St, San Diego, CA 92115

8beds

3,194sqft

$6,122/mo

Get pre-qualified

Single Family Residence

Built in 1929

-- sqft lot

$864,400 Zestimate^®

$274/sqft

$-- HOA

What's special

Architectural identityHigh ceilingsStepped roofline

4286 51st Street is a shovel-ready 6-unit multifamily development opportunity positioned for immediate execution in a centrally located San Diego infill market. Just south of Talmadge and steps to Colina Park. With plans centered around an efficient mix of two-bedroom and one-bedroom residences with in unit laundry, the project is designed to deliver strong rentability, durable income, and multiple exit strategies for the next owner. The design is distinctive: a stepped roofline and high ceilings that gives each unit architectural identity. For builders, developers, and private investors seeking yield, basis control, and a defined path to stabilization, this project represents a compelling shovel-ready opportunity with economics that are easy to underwrite and a location positioned for long-term tenant demand. 9.42% project cap rate UNIT MIX 2 2bed 2 bath units and 3 1 bed 1 bath units 1 1 bed 1 bath affordable

89 days
863
29

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 8

Heating

Other/Remarks

Cooling

Other/Remarks

Appliances

Included: Other/Remarks
Laundry: Other/Remarks

Interior area

Total structure area: 3,194
Total interior livable area: 3,194 sqft

Property

Parking

Total spaces: 3
Parking features: None Known

Features

Levels: 2 Story
Pool features: N/K
Fencing: Other/Remarks

Details

Parcel number: 4721612500
Zoning: RM-1-3
Zoning description: RM-1-3

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Other/Remarks
Roof: Other/Remarks

Condition

Under Construction
Year built: 1929

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: CITY HEIGHTS

Location

Region: San Diego

Financial & listing details

Price per square foot: $274/sqft
Tax assessed value: $437,580
Date on market: 7/8/2026
Listing terms: Cash,Conventional

Estimated market value

$864,400

$821,000 - $908,000

$4,950/mo

Price history

Date	Event	Price
7/8/2026	Listed for sale	$875,000+104%$274/sqft
Source: SDMLS #260016590 Report a problem
12/12/2024	Sold	$429,000-18.3%$134/sqft
Source: SDMLS #240014985 Report a problem
10/10/2024	Pending sale	$525,000$164/sqft
Source: SDMLS #240014985 Report a problem
9/26/2024	Price change	$525,000-16%$164/sqft
Source: SDMLS #240014985 Report a problem
9/12/2024	Pending sale	$625,000$196/sqft
Source: SDMLS #240014985 Report a problem
6/29/2024	Listed for sale	$625,000+214.1%$196/sqft
Source: SDMLS #240014985 Report a problem
1/8/2016	Listing removed	$1,850$1/sqft
Source: Paul Hartley Realty Report a problem
12/19/2015	Listed for rent	$1,850$1/sqft
Source: Paul Hartley Realty Report a problem
3/5/2008	Listing removed	$199,000$62/sqft
Source: Prudential California #076091255 Report a problem
2/9/2008	Listed for sale	$199,000$62/sqft
Source: Prudential California #076091255 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$437,580 +2%
2025	$5,951 +324.7%	$429,000 +292.2%
2024	$1,401 +2.3%	$109,391 +2%
2023	$1,369 +2.7%	$107,248 +2%
2022	$1,334 +0.7%	$105,146 +2%
2021	$1,325 +1.2%	$103,086 +1%
2020	$1,310 +6.3%	$102,030 +2%
2019	$1,232 +2.2%	$100,031 +2%
2018	$1,206 +2.4%	$98,070 +2%
2017	$1,178 +1.7%	$96,148 +2%
2016	$1,158 +1.5%	$94,264 +1.5%
2015	$1,142 +1.5%	$92,849 +2%
2014	$1,125	$91,031 +0.5%
2013	--	$90,620 +2%
2012	--	$88,844 +2%
2011	--	$87,103 +0.8%
2010	--	$86,453 -0.2%
2009	--	$86,659 +2%
2008	--	$84,961 +2%
2007	--	$83,296 +2%
2006	--	$81,663 +2%
2005	--	$80,063 +2%
2004	--	$78,495 +1.9%
2003	--	$77,057 +2%
2002	--	$75,547 +2%
2001	--	$74,067