6742-48 Waterman
San Diego, CA 92111
$2,100,000
Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.
| Listing Id: | PTP2608226 |
|---|---|
| List Price: | $2,100,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Res Income 2-4 Units |
| Status: | Active |
| Bedrooms Total: | 9 |
| Bathrooms Full: | 8 |
| Association Fee: | $0 |
| Lot Size Square Feet: | 5,300.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92111 |
| Year Built: | 0 |
| Number Of Units Total: | 4 |
| Basement: | false |
| Bathrooms Total Integer: | 8 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Directions: | From SR-163, take the Genesee Avenue exit and head west. Turn left onto Linda Vista Road, then right onto Ulric Street. |
| Living Area Units: | Sqft |
| Lot Size Area: | 0.1217 |
| Lot Size Units: | Acres |
| Parcel Number: | 4317102400 |
| Photos Change Timestamp: | 2026-11-05T22:47:25Z |
| Pool Features: | N/K |
| State Or Province: | CA |
| Stories Total: | 2 |
| Sdmls Neighborhood: | 92111 |
| Sdmls Area Zip: | LINDA VISTA (92111) |
| Original List Price: | $2,100,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Showing Instructions: | Text Christian at (619) 207-7601. All units are occupied. Property shown with accepted offer. Do not disturb tenants. |
| Site: | Curbs, Sidewalks |
| Listing Terms: | Cash, Conventional, Exchange, FHA |
| Sdmls Unit Numfor Unit1: | 0 |
| Sdmls Unit Numfor Unit2: | 1 |
| Sdmls Unit Numfor Unit3: | 2 |
| Sdmls Unit Numfor Unit4: | 3 |
| Sdmls Cfd Mello Roos Fee Reflct: | Year |
| Gross Scheduled Income: | $138,948 |
| Number Of Buildings: | 2 |
| Sdmls Geo Update Timestamp: | 2026-11-05T18:34:56.3 |
| Sdmls Full Address: | 6742-48 Waterman |
| Sdmls Unit1 Beds: | 3.0 |
| Sdmls Unit2 Beds: | 2.0 |
| Sdmls Unit3 Beds: | 2.0 |
| Sdmls Unit4 Beds: | 2.0 |
| Sdmls Lot Size: | 4, 000-7, 499 SF |
| Sdmls Supplement Remarks: | Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135, 948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32, 500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage. |
| On Market Date: | 2026-11-05 |
Listing Courtesy of: Gene Bowman Realty
Listing Agent: Christian Ballow
619-207-7601
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© 2026 San Diego MLS.
San Diego MLS data last updated on November 06, 2026 12:49 AM - PT.
Property Last Updated: November 06, 2026 12:49 AM - PT
