Prime 5- Unit Investment Opportunity| Central San Diego 1014-20 N. 47th Street, San Diego, CA Unlock exceptional value and multiple revenue streams with this well-maintained 5-unit residential income property in a high-demand San Diego market. Ideal for cash-flow investors and value-add strategists looking for strong current returns paired with immediate… Read More income growth potential. Units are priced well below market value, giving the new owner massive opportunity to boost rents. NO LEASES in place, all month to month. Value in new tenants paying market value. Key Highlights& Multiple Income Streams: - 5 Residential Units: Solid multi-family layout with a consistent rental history. - Significant Rental Upside: Rents are currently below market, offering a clear path to increase Gross Operating income as leases renew or units turn over. - On-Site Garages: Dedicated garage spaces provide secure vehicle parking or storage- offering an immediate opportunity to generate extra monthly rent per garage space or bundle them for higher overall residential lease rates. -Owned Laundry Income: Owned on-site Laundry Facilities generate monthly income in steady additional revenue with no third- party lease vendor taking a cut. Pride of ownership ensures low near-term capital expenditures, letting you focus on optimizing income. Conveniently located with quick access to major San Diego freeways, public transit. Read Less
Property listed by RAF Investment Services Inc., Sarita Rivers-Fajardo 619-215-6431
Listing Snapshot
Days Online
53
Last Updated
Lot Size
0.23 Acres
Year Built
1961
MLS Number
PTP2606430
Additional Details
Appliances & Equipment
GasCooktop, Disposal, GasOven
Building
Built in 1961, 3 buildings, 2 stories, Entry level: 1, Entry location: Street
Community
StreetLights, Suburban, Sidewalks
Cooling
None
Expenses
Insurance: $1,400
Garage
3 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $84,960, Gross ScheduledIncome: $84,960, Net Operating Income: $84,960
Laundry
CommonArea
Lot
0.2328 acres
Parking
7 open parking spaces, 10 total parking spaces
Pool
None
Taxes
Parcel Number: 5414522500, Lot: 08001, Zoning: R2
Utilities
5 separate electric meters, 5 separate gas meters, 5 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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