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Investment Highlights

  • Turn Key Stabilized Asset
  • In-Unit W&D's
  • Redone Plumbing & Electrical
  • Large 3Br & 4Br Units
  • Ample Parking
  • 5.2% CAP RATE

Executive Summary

We are pleased to present 4140 48th Street, a fully renovated, turnkey multifamily asset located in the sought-after Colina del Sol neighborhood of San Diego.
Strategically positioned just one block south of El Cajon Boulevard and near Interstate 15, this property provides easy access to key locations such as San Diego
State University and Downtown San Diego. The property sits on a 6,397 SF parcel, with a 4,180 SF residential structure that includes four large-format apartment units— two 3-bedroom/2-bath and two 4-bedroom/2-bath units, each averaging 1,045 SF. The spacious unit mix caters specifically to larger families, a rare feature in the area. The property also includes five tandem parking spaces, offering a significant competitive advantage in this density-constrained market.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,920,218 CAD
Price Per Unit $730,055 CAD
Sale Type Investment
Cap Rate 5.19%
Sale Conditions
1031 Exchange
  • Build to Suit
Gross Rent Multiplier 13.7
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,180 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1964/2022
Parking Ratio 2.39/1,000 SF
Opportunity Zone Yes
Zoning 4 - RM-1-3 Complete Communities FAR Tier 3: 6.5 FAR

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Granite Countertops
  • Oven
  • Double Pane Windows

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 $4,241 CAD 990
4+2 2 $4,658 CAD 1,100
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
471-411-22
Land Assessment
$1,285,940 CAD
Improvements Assessment
$783,389 CAD
Total Assessment
$2,069,329 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39979357

  • Date on Market: 2026-03-31

  • Last Updated:

  • Address: 4140 48th St, San Diego, CA 92105

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