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Residential Income for sale : 3 bedrooms : 3854 50th Street in San Diego

3854 50th Street San Diego

Main Photo: Residential Income for sale : 3 bedrooms : 3854 50th Street in San Diego
$2,250,000
Prop. Type:
Residential Income
MLS® Num:
306654174
Status:
Active
Bedrooms:
3
Bathrooms:
3
Priced for an immediate sale at $45k per unit below the 1980s+ Sale Comp Average over the last year! 3854 50th Street presents a compelling opportunity to acquire a low-maintenance 1980s construction asset in a historically high-demand yet affordable Central San Diego location. This workhorse investment combines strong in-place income with desirable infrastructure improvements and systems. The property benefits from major infrastructure improvements and durable 1980s-era construction features that materially reduce long-term ownership risk and expense. The building features ABS sewer lines and new copper water supply lines that have been rerouted from the slab to the buildings exterior a significant upgrade compared to older assets with aging cast iron plumbing. The electrical system consists of original 1980s Arrow Hart Murray panels, which are not flagged by insurance carriers. Improvements include a new roof (2020), dual-pane windows, parking lot repave, and new code-compliant catwalk railings. Seasoned investors recognize the substantial cost burden associated with replacing cast iron plumbing, in-slab water lines, and outdated electrical panels expenses that can average $25,000$35,000 per unit, excluding demolition and reconstruction costs. This asset avoids those major capital exposures, offering a more predictable and expense-controlled operating profile. The property produces a strong 6.10% cap rate and 9.95 GRM with the immediately available rent increases and a 6.86% proforma cap rate post full interior renovations. Unit interiors have received light updates ove
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Neighborhood Code:
Central San Diego
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
3
Bathrooms:
3
Half Bathrooms:
0
Total Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Home Owner Fees:
$0
Mello Roos Fee:
$0
Mello Roos Fee Frequency:
Year
Terms:
Conventional
Cap Rate.:
5.6
Gross scheduled income:
213900.0
Operating expense:
79374.0
Number of Units:
10
Unit Number for Unit 1:
1
Unit Number for Unit 2:
2
GPS
Site Influences:
Curbs
Lot Size:
Switch units of measure12,885 sq. ft.
Parcel Number:
4716213900
Pool Features:
N/K
Assessments:
Yes/Remarks
Listed by Commercial Asset Advisors
Data was last updated June 10, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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