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$2,600,000
Est. payment /mo
9,801 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017544SD
HOA Y/N No
Lot Size 9,801 Sqft
Property Sub-Type Mixed Use
Property Description
We are pleased to present 430 47th Street, a newly constructed seven-unit multifamily investment opportunity located in San Diego's Chollas View neighborhood. This turnkey property combines the charm of a beautifully remodeled front home with the efficiency and low-maintenance benefits of six newly constructed one-bedroom residences, making it an ideal addition to any investment portfolio. Designed to appeal to today's renters, each unit features modern finishes including quartz stone countertops, stainless steel appliances, in-unit laundry, luxury vinyl plank flooring, and efficient floor plans. Several of the units also offer private side yards, providing desirable outdoor living space that is uncommon in similar apartment communities. One of the property's most valuable features is its eight off-street parking spaces. Parking is increasingly difficult to find in many newer multifamily developments throughout San Diego, making this a significant competitive advantage that enhances tenant satisfaction and helps minimize turnover. The property is currently in the lease-up phase, with four of the seven units already occupied and additional leases in progress. This allows a new owner to benefit from continued stabilization while capturing future rental upside as the remaining units are leased. Located in an area experiencing continued investment and redevelopment, 430 47th Street offers investors the rare opportunity to acquire a newly built, low-maintenance asset with modern amenities, strong tenant appeal, and long-term income potential.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning RM1-1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 10
Others
Tax ID 5472230300
Virtual Tour https://www.propertypanorama.com/instaview/snd/260017544
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Listed by Joe Phair Keller Williams San Diego Metro #01858062
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