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Property for sale: 312 S 49th Street in San Diego

312 S 49th Street San Diego

Main Photo: Property for sale: 312 S 49th Street in San Diego
$3,200,000 /533333.0
Prop. Type:
Com-Res Income
MLS® Num:
250023708
Status:
Active
Year Built:
2025
We are excited to present a Premier 6-Unit Apartment Building in Lincoln Park, San Diego! This property offers modern luxury finishes throughout, making it a unique opportunity for both residents and investors. The building features a well-thought-out unit mix, including one two-bedroom, 1.5-bath unit, one two-bedroom, two-bath unit, and four three-bedroom, 2.5-bath units. Each unit has been meticulously designed to provide a spacious and inviting living experience, with brand-new custom cabinetry, high-end appliances, elegant flooring, in-unit laundry, and modern air conditioning, ensuring comfort and convenience for all residents. Ideally situated just minutes from major freeways, the property offers easy access to shopping, dining, and entertainment options. Its prime location within Lincoln Park positions it as a sought-after address in San Diego, with close proximity to key city amenities. With its contemporary design, high-end finishes, and exceptional location, this 6-unit apartment building stands as a standout asset in San Diego’s thriving rental market. Whether for residents seeking a modern, convenient living space or investors seeking a valuable property in a highly desirable area, this building is an excellent opportunity.
Rental Amount:
216434
Price Per Unit:
533333.0
County:
San Diego
Market Area:
Metro Central
Number of Buildings:
5
Number of Units:
6
Stories:
3 Story
Num Stories:
4
Unit Type:
Apartment
Year Built:
2025
Cap Rate.:
4.72
Gross Multiplier:
14.34
Cash flow:
150930.0
Gross scheduled income:
216434.0
Gas / Electric expense:
900
Insurance F&L expense:
5000
Taxes expense:
39332
Operating expense:
65504
Water/Sewer expense:
3300
Vacancy & Credit Loss:
6694.0
Projected Cap Rate.:
4.97
Projected Gross Multiplier:
13.79
Projected cash flow:
159155.0
Projected net Income:
159155
Projected Vacancy & Credit Loss:
6962.0
Gross equity:
0
Motive / Want:
To Sell
Short Sale:
No
Listing Type:
Exclusive Right (R)
Parking:
Garages
Floor finish:
Vinyl
Parcel Number:
547-512-23-00
Number of Units in Unit 1:
1
Bedrooms for Unit 1:
2
Bathroom 1:
1.5
Number of Units in Unit 2:
1
Bedrooms for Unit 2:
2
Bathroom 2:
2.0
Number of Units in Unit 3:
4
Bedrooms for Unit 3:
3
Bathroom 3:
2.5
Listed by Marcus & Millichap
Data was last updated May 1, 2025 at 09:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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