4227 49Th StSan Diego, CA 92115

This exceptional 8-unit apartment building presents a compelling investment opportunity in San Diego, CA. Located at 4227 49th Street, this 5,628 square foot property boasts a strong 100% occupancy rate, generating a current NOI of $94,762 and a 6.04% cap rate. The property, built in 1969, sits on a 6,907 square foot lot and features a mix of unit sizes: three 2-bedroom/1.75-bathroom units and five 1-bedroom/1-bathroom units. Each unit benefits from one designated surface parking space. The property's pro-forma NOI is projected at $131,327, resulting in an attractive 8.36% pro-forma cap rate, indicating significant upside potential. The asking price is $1,570,000, or $196,250 per unit. This two-story building presents a rare opportunity to acquire a well-maintained multifamily property in a desirable San Diego location with strong rental income and growth potential. The property's solid performance and location make it an ideal addition to any investment portfolio. The property is classified as Class C.