4062 49th St, San Diego

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Value add multifamily property with Immediate Income Potential. Welcome to 4062 49th St, a multifamily property nestled in the bustling 92105 area, presenting a unique investment opportunity for those looking to dive into the lucrative world of real estate. This 9-unit property, boasting 5,190 sqft of building space on a 5,739 sqft lot, offers an enticing blend of immediate income and significant upside potential through strategic enhancements. All nine units feature a desirable 1-bedroom, 1-bathroom layout, catering perfectly to singles or couples in search of a large living space. This uniformity simplifies management and renovation efforts. With seven of the nine units currently occupied, investors can benefit from steady income flow right from the start. The two remaining units provide a blank canvas for upgrades and rent optimization. Nine parking spots ensure that all of the tenants have their own parking spot, a valuable commodity in urban living that enhances tenant appeal and retention. This property stands as an ideal candidate for cosmetic improvements. Investors with an eye for design and renovation can unlock hidden value, elevating the property’s appeal and rental rates. Positioned in a vibrant neighborhood, the property offers tenants easy access to local amenities, dining, entertainment, and public transportation, ensuring high demand and competitive rental prices. Walking distance to Ibarra Elementary School. The property's prime location also affords easy access to some of San Diego's most iconic destinations. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 10-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. 4062 49th St represents an excellent acquisition for investors looking to capitalize on a property with substantial growth potential. Whether your strategy involves light cosmetic refinishing or a more comprehensive upgrade, this property serves as a foundation for robust rental income and capital appreciation. Some pictures are virtually staged.