47th Street Apartments 3546-3552 47th St 4 Unit Apartment Building $2,899,827 CAD ($724,957 CAD/Unit) 5.45% Cap Rate San Diego, CA 92105

546–3552 47th Street presents the opportunity to acquire a fully renovated and newly improved four-unit multifamily asset in San Diego’s Fairmount Village neighborhood. Offered at $2,100,000, the property consists of four residential units totaling 3,170 square feet on a 6,465-square-foot lot and is positioned to provide both immediate cash flow and long-term ownership stability. The offering includes a mix of one-bedroom and three-bedroom residences, creating diversified rental income while appealing to a broad tenant base.
The property has undergone extensive interior and exterior improvements, including a fully remodeled front residence and three newly constructed units. Each unit is equipped with its own split HVAC system, in-unit washer and dryer, dual-pane windows, modern finishes, and assigned off-street parking. Private balconies, decks, and outdoor living areas enhance tenant appeal, while durable upgrades reduce near-term capital expenditure requirements.
Located in East San Diego’s Fairmount Village neighborhood, the property benefits from convenient access to Interstate 805, State Route 94, Interstate 8, and Downtown San Diego. The location offers connectivity to major employment centers, retail amenities, and regional transportation corridors, supporting continued rental demand and broad tenant appeal. With five assigned parking spaces, modern residential amenities, and a turnkey operating profile, the asset is well-positioned for investors seeking stabilized income as well as owner-users interested in occupying one unit while maintaining rental revenue from the remaining residences.