map Map favorite Favorite share Share image 7 Photos print Print
Photo
Photo Photo

4349 50Th St

San Diego, CA 92115

$1,675,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

4349-55 50th Street is a 6-unit garden-style apartment complex that consists of 4,850 rentable square feet built in 1957 and situated on a 6,251 square foot lot. The unit mix consists of five well laid out, large 2 Bedroom / 1 Bathroom units that are approximately 850 square feet and one spacious 1 Bedroom / 1 Bathroom unit that is approximately 600 square feet. The property features four large single car garages with walk-in access doors to the interior of the property, common washer and dryer hookups, and nine surface parking spaces. The property has been well-maintained with a new roof, new sewer main, new windows and new flooring in the units. There is new LED lighting and push-code gate entrances. Maximum rent increases can go into effect in March of 2025 making immediate upside possible without heavy renovation. Currently, the owner bills-back the tenants for utilities and rents are 30% below market. The garages have large footprints and could be converted to approximately 780 square foot and 520 square foot ADUs with entry to the courtyard. Buyer to investigate and verify. The property runs with low expenses and uses city trash and recycling. The property is located in the Complete Communities Housing Solution Overlay Zone which are special areas the city has focused their efforts to improve housing, mobility, parks and infrastructure. Properties in these designated areas are positioned well for long term property-value appreciation.

Listing Information

List Price $1,675,000
Status Pending
MLS 240018393SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 6,251
Structure Size N/A
DOM 64
Courtesy Of NorthMarq Multifamily
Listing Agent Benn Vogelsang DRE#01883437

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

home_work Nearby Properties

Image

$200,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
,

Jurupa Valley, CA 91752
Image

$102,000

king_bed N/A
shower N/A
straighten N/A
straighten 51,666
49 Tambon Bann Prik,

Outside Area (Outside U.S.) Foreign Country, OS 26001
Image

$6,000,000

king_bed 41
shower 42
straighten N/A
straighten 11,000,000
10 Argostoli Lakithras Kefalonia Greece,

Lakithra, CA 28100
Image

$928,285

king_bed 6
shower 4
straighten 3,551
straighten 6,159
3335 Jubilee Drive,

Manteca, CA 95337
Image

$1,582,000

king_bed 4
shower 4
straighten 2,092
straighten 1,935
1011 Sinopia Terrace,

San Ramon, CA 94583

Listing information courtesy of: Benn Vogelsang, NorthMarq Multifamily . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 7:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.