4447 49th St 7 Unit Apartment Building $2,999,680 CAD ($428,526 CAD/Unit) 5.16% Cap Rate San Diego, CA 92115

We are pleased to present 4447 49th Street, San Diego, CA 92115, a rare seven-unit multifamily investment located in the heart of Talmadge, San Diego. Built in 1989, the property offers a well-balanced mix of five (5) one-bedroom/one-bathroom units (650 SF each), one (1) two-bedroom/two-bathroom unit (825 SF), and one (1) three-bedroom/two- bathroom unit (1,000 SF), totaling approximately 5,075 rentable square feet. The property also has seven (7) off-street parking spaces and five (5) single car garages.
Each apartment home features a distinctive design highlighted by vaulted ceilings, large picture windows, and luxury vinyl plank flooring throughout. The spacious layout includes a tiled entryway, open living area with fireplace, built-in kitchen dining nook with modern appliances, and a private patio offering serene outdoor space. Additional conveniences include garage parking, on-site laundry, and ample storage, enhancing both resident comfort and long-term tenancy appeal. Ideally situated within the Talmadge neighborhood, the property provides stable in-place income and strong potential for appreciation. Residents enjoy a walkable location near El Cajon Boulevard’s shopping and dining, and easy access to San Diego State University, Mission Valley, Kensington, and North Park. This combination of charming unit design, desirable location, and strong tenant demand makes 4447 49th Street an exceptional turn-key multifamily investment in central San Diego.