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+13102459953
Bruce Kang, Broker
2985 87 54Th St, East San Diego, CA 92105
- $1,465,000
- Sold Price
- $1,465,000
- List Price
- $1,498,000
- Status
- CLOSED
- Days on Market
- 0
- Closing Date
- May 19, 2026
- MLS#
- 260008464SD
- Subtype
- Residential Income
- Year Built
- 1951
- Lot Size
- 5,975
- Acres
- 0.14
- Subdivision
- San Diego
- Neighborhood
- San Diego
- MLS Area Major
- San Diego Central
Property Description
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Additional Information
- Zoning
- R-3:RESTRI
- Appliances
- Tankless Water Heater
- Heating
- Combination, Electric
- Air Conditioning
- Yes
- Stories
- One Level
- Levels
- One
- Roof
- Composition
- Pool Type
- None
- View
- None
Listing courtesy of Listing Agent: Mark Revetta (mark@889mark.com) from Listing Office: OnQu Realty.
Listing sold by Tiana San Nicolas from Coldwell Banker West
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.