4170 N 48th St
San Diego, CA 92105
$2,150,000
4170 N 48th Street is an 8-unit multifamily property in San Diego's City Heights submarket, 100% occupied with in-place rents below pro forma. One two-story building built in 1962, approx. 5,488 SF on a 6,251 SF lot zoned RM-1-3. Unit mix of six 2BR/1BA units (approx. 734 SF) and two 1BR/1BA units (approx. 540 SF), with 9 on-site parking spaces. Current gross scheduled income of $169,200 and NOI of $122,347 (5.69% cap rate at list price). Pro forma rents of $16,900/month project NOI of approx. $145,401. Frame construction, stucco exterior, flat roof. Central infill location near I-15 and I-805, El Cajon Blvd and University Ave retail, neighborhood schools, and public transit. Value-add opportunity through unit turns, interior upgrades, and rent normalization, with longer-term optionality under RM-1-3 zoning.
| Listing Id: | 260027099 |
|---|---|
| List Price: | $2,150,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Com-Res Income |
| Status: | Active |
| Bedrooms Total: | 14 |
| Bathrooms Full: | 8 |
| Living Area: | 5,488 |
| Lot Size Square Feet: | 6,251.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92105 |
| Year Built: | 0 |
| Number Of Units Total: | 8 |
| Structure Type: | Apartment |
| Basement: | false |
| Bathrooms Total Integer: | 8 |
| Building Area Total: | 5,488.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Frame |
| Levels: | 2 Story |
| Living Area Units: | SquareFeet |
| Lot Size Area: | 0.1435 |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro Uptown |
| Parcel Number: | 471-411-27-00 |
| Parking Features: | Spaces |
| Photos Change Timestamp: | 2026-11-14T00:49:54Z |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories: | 2 |
| Zoning: | RM-1-3 |
| Sdmls Area Zip: | EAST SAN DIEGO (92105) |
| Sdmls Lvt Date: | 2026-11-13 |
| Original List Price: | $2,150,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Financial Data Source: | Owner |
| Building Area Source: | Tax Record |
| Sdmls Internet Address: | 4170 N 48th St |
| Operating Expense: | $46,853 |
| Sdmls Have: | 8 Units |
| Sdmls Unit Rent1: | 1854 |
| Sdmls Unit Rent2: | 1488 |
| Sdmls Proj Gross Multiplier: | 10.60 |
| Sdmls Proj Gross Operating Inc: | 192254 |
| Sdmls Proj Operating Expense: | 46853 |
| Sdmls Projected Net Income: | 145401 |
| Sdmls Motive Want: | Sale |
| Gross Scheduled Income: | $169,200 |
| Number Of Buildings: | 1 |
| Sdmls Numof Units1: | 6 |
| Sdmls Numof Units2: | 2 |
| Sdmls Numof Leased Apartments: | 8 |
| Sdmls Max Search Price: | 2,150,000 |
| Sdmls Price Unit: | 268,750 |
| Sdmls Unit Rent Total1: | 11,125 |
| Sdmls Unit Rent Total2: | 2,975 |
| Total Actual Rent: | $14,100 |
| Sdmls Age: | 1,962 |
| Parking Total: | 9 |
| Sdmls Geo Update Timestamp: | 2026-11-14T00:49:53.8 |
| Sdmls Full Address: | 4170 N 48th St |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260027099 |
| On Market Date: | 2026-11-13 |
Listing Courtesy of: The Agency
Listing Agent: Ron Chaquica
619-933-2349
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© 2026 San Diego MLS.
San Diego MLS data last updated on November 13, 2026 09:48 PM - PT.
Property Last Updated: November 13, 2026 09:48 PM - PT
