Listing Agent: Richard Spiering Broker/Office: Compass
4286 51st St San Diego CA 92115
$ 780,000
8
| 8
| 3194 Sq Feet
Listing ID
#260025739SD
Status
Active
Property Type
Single Family Residence
County
San Diego
Neighborhood
City Heights
Year Built
1929
Days on website
2
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
Financial Information
List Price:
$ 780000
Property Features
Construction Materials:
Other
Levels:
Two
Parking Features:
Driveway, Other
Senior Community YN:
false
Water Source:
Public
MLS Area Major:
92115 - San Diego
City:
San Diego
Senior Community YN:
false
Listed By:
Richard Spiering
Compass
Co-listed by Knute Brookshier
CA Lic#
Co-listed by Knute Brookshier
CA Lic#