2985-87 54Th St San Diego, CA ^$ 1,498,000

2985-87 54Th St

^$ 1,498,000

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2985-87 54Th St

San Diego, CA, 92105

^$ 1,498,000

Bedrooms10 Baths6.0

Monthly Estimate*

^$ 9,223

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Multi-Family Home for sale in San Diego, CA

for $1,498,000 with 10 bedrooms and 6 full baths. This home was built in 1951 on a lot size of 0.137167.

Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.

Multi-Family Pending

Price

^$ 1,498,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.137167

Year Built

1951

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260008464

Features

General

Heating Combination Heating

Cooling Wall/Window

Utilities Sewer Connected

Possession Close of Escrow

Roof Composition

Zoning R-3:RESTRI

Pool Features N/K

Security Features N/K

Construction Materials Stucco Wood

Pets Allowed Allowed w/Restrictions

Year Built 1951

Tenant Pays Cable TV Electricity Gas/Propane Hot Water Water

View N/K

Levels 1 Story

Property Subtype Res Income 2-4 Units

Building Name Furlow Heights

County San Diego

Operating Expense 0.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name SAN DIEGO

Full Baths 6

Status PENDING

Directions 54th to 54th Frontage Street between College Grove and Redwood

City San Diego

Senior Community Y/N N

Number Of Units Total 4

MLS Area Metro Uptown

Lot Size Units Acres

Lot Size Square Feet 5975.0

Spa Features N/K

Property Attached Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/snd/260008464

Building Area Units Sqft

Living Area Units Sqft

Standard Status Pending

Cap Rate 5.84

Freehold IDX

Exterior

Fencing Full

Water Source Meter on Property

Lot Size Area 0.14

Number of Buildings 2

Building Area Total 2989.0

Frontage Type Other/Remarks

Waterfront Y/N N

Interior

Total Stories 1

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 10

Total Baths 6

* Excluded Features

List By

Mark Revetta

Listing Agent

Onqu Realty

Broker

(619) 889-6275

Phone

Affordability Calculator

$9,223

Per Month

Monthly Principal & Interest: $9,223
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$2,174,405

Percent of Sale Price 45%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/21/2026	$1,498,000	-3.23%	Price Down
4/10/2026	$1,548,000		Listed Price

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2985-87 54Th St, San Diego, CA, 92105 is a Multi-Family Home for sale at $1,498,000 with a lot size of 0.137167. 2985-87 54Th St has 10 bedrooms, 6.0 baths, and was built in 1951. The property's zip code is 92105 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 5/15/2026.

CA BRE #019180026.

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2985-87 54Th St

Multi-Family Home for sale in San Diego, CA

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