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$780,000
Est. payment /mo
8 Beds
8 Baths
3,194 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,194 sqft
Price per Sqft $244
Subdivision City Heights
MLS Listing ID 260025739
Bedrooms 8
Full Baths 8
Year Built 1929
Property Sub-Type Detached
Property Type Detached
Property Description
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
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-1-3
Interior
Heating Other/Remarks
Cooling Other/Remarks
Fireplace No
Appliance Other/Remarks
Laundry Other/Remarks
Exterior
Parking Features None Known
Fence Other/Remarks
View Y/N No
Water Access Desc Public
Roof Type Other/Remarks
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 472-161-25-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Richard J Spiering, DRE#02015308 Compass
Co-listed byKnute Brookshier • Compass
Co-listed byKnute Brookshier • Compass
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