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

San Diego, CA, 92105
$ 1,498,000
Baths1.0

Monthly Estimate*

$ 9,223

Listed by OnQu Realty
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View a Virtual Tour
Studio

Multi-Family Home for sale in San Diego, CA

for $1,498,000 with 1 full bath. This home was built in 1951 on a lot size of 0.1372.

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.

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Multi-Family Pending

Price

$ 1,498,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1372

Year Built

1951

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260008464SD

Days on Market

55

Features
General
Heating Combination Electric
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Composition
Appliances Tankless Water Heater
Zoning R-3:RESTRI
HOA Fee 0
Pool Features None
Year Built 1951
Tenant Pays Cable TV Electricity Gas Water
View None
Stories Count 1
Levels One
County San Diego
Net Operating Income 0
Property Type Residential Income
Subdivision Name San Diego
Status Pending
Directions 54th to 54th Frontage Street between College Grove and Redwood CrossStreet: College Grove
City San Diego
Senior Community Y/N false
Number Of Units Total 4
MLS Area 92105 - East San Diego
Lot Size Units Square Feet
Lot Size Square Feet 5975
Listing Terms Cash Conventional Cal Vet Loan FHA VA Loan
Spa Features None
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008464
Standard Status Pending
Cap Rate 5.84
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 5975
Park Name Furlow Heights
Number of Buildings 2
Spa true
Lot Size Acres 0.1372
Private Pool false
Lot Size Source Assessor
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* Excluded Features
List By
Onqu Realty

Broker

mark@889mark.com

Email

Affordability Calculator

$9,223
Per Month
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Monthly Principal & Interest
$9,223
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/21/2026$1,498,000 -3.23% Price Down
4/10/2026$1,548,000 Listed Price

Map


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87-2985 54Th St, San Diego, CA, 92105 is a Multi-Family Home for sale at $1,498,000 with a lot size of 0.1372. 87-2985 54Th St is a studio with 1.0 baths and was built in 1951. The property's zip code is 92105 which is in San Diego, CA