4286 51st St, Talmadge/San Diego Central, CA 92115
- $875,000
- 8
- BD
- 8
- BA
- 3,194
- SqFt
- List Price
- $875,000
- Days on Market
- 20
- Status
- ACTIVE
- MLS#
- 260016590
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 3,194
- City
- Talmadge/San Diego Central
- Neighborhood
- Colina Park
- Property Type
- Single Family Residential
- Year Built
- 1929
Property Description
4286 51st Street is a shovel-ready 6-unit multifamily development opportunity positioned for immediate execution in a centrally located San Diego infill market. Just south of Talmadge and steps to Colina Park. With plans centered around an efficient mix of two-bedroom and one-bedroom residences with in unit laundry, the project is designed to deliver strong rentability, durable income, and multiple exit strategies for the next owner. The design is distinctive: a stepped roofline and high ceilings that gives each unit architectural identity. For builders, developers, and private investors seeking yield, basis control, and a defined path to stabilization, this project represents a compelling shovel-ready opportunity with economics that are easy to underwrite and a location positioned for long-term tenant demand. 9.42% project cap rate UNIT MIX 2 2bed 2 bath units and 3 1 bed 1 bath units 1 1 bed 1 bath affordable
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Additional Information
- Roof
- Other
- Cooling
- Other
- Laundry
- Other
- Heat Source
- Other
- Parking Garage Spaces
- 3
Mortgage Calculator
Listing courtesy of Listing Agent: Richard J Spiering (619-540-3483) from Listing Office: Compass.
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