3546 3552 47Th Street
San Diego, CA, 92105 $ 2,050,000
Bedrooms-- Baths2.0 Monthly Estimate*
$ 14,159
Listed by Joseph Galascione, Joseph M. Galascione, Broker, josephmg4@gmail.com
for $2,050,000 with 2 full baths. This home was built in 2026 on a lot size of 0.1484.
NEW CONSTRUTION! just permitted in 2026. This four-unit complex is in San Diego's Fairmount Village. Enjoy very little maintenance! Every unit individually metered for water/electric/gas. Therefore, tenants pay all the utilities and landlord will have no utilities! Also, because this apartment complex is 4 Units you can get Conventional/FHA and VA loans. The desirable unit mix includes two 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Features of each unit include designer finishes, new dual-pane windows, in-unit laundry, and mini-split heating and cooling systems. New roofs on each building. New plumbing, electrical, flooring and all appliances. The front home enjoys a private yard, while rear residences feature balconies, decks, or outdoor spaces. Five alley-accessed off-street parking spaces provide a 1:1 parking ratio and add everyday convenience. Current scheduled rents total $11,700 per month ($140,400 annually), offering an opportunity to acquire an fully rented multifamily building. This is in one of the strongest San Diego rental markets. Convenient access to neighborhood shopping, transit, I-805, CA-94, and downtown San Diego. Total square footage for all the units is 3,170 and the lot is 6,465 square feet. Since all the units were built in 2026, they are EXEMPT from California AB 1482 rent control (please discuss with Attorney). NEW CONSTRUTION! just permitted in 2026. This four-unit complex is in San Diego's Fairmount Village. Enjoy very little maintenance! Every unit individually metered for water/electric/gas. Therefore, tenants pay all the utilities and landlord will have no utilities! Also, because this apartment complex is 4 Units you can get Conventional/FHA and VA loans. The desirable unit mix includes two 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Features of each unit include designer finishes, new dual-pane windows, in-unit laundry, and mini-split heating and cooling systems. New roofs on each building. New plumbing, electrical, flooring and all appliances. The front home enjoys a private yard, while rear residences feature balconies, decks, or outdoor spaces. Five alley-accessed off-street parking spaces provide a 1:1 parking ratio and add everyday convenience. Current scheduled rents total $11,700 per month ($140,400 annually), offering an opportunity to acquire an fully rented multifamily building. This is in one of the strongest San Diego rental markets. Convenient access to neighborhood shopping, transit, I-805, CA-94, and downtown San Diego. Total square footage for all the units is 3,170 and the lot is 6,465 square feet. Since all the units were built in 2026, they are EXEMPT from California AB 1482 rent control (please discuss with Attorney).
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FeaturesGeneralHeating Electric See Remarks
Cooling See Remarks
Possession Close Of Escrow
Roof Composition
Appliances Electric Water Heater
Zoning R-2:MINOR
HOA Fee 0
Year Built 2026
Tenant Pays Cable TV Electricity Sewer Water
Levels Multi/Split
County San Diego
Net Operating Income 114500
Property Type Residential Income
Subdivision Name City Heights
Status Active
Directions 94 West/Exit Home/go North on Euclid/Left on Myrtle/Right on 47th CrossStreet: Myrtle
City San Diego
Disclosures Incorporated
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 6465
Listing Terms Cash Conventional Cal Vet Loan FHA
Standard Status Active
Cap Rate 5.6
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorLot Features Drip Irrigation/Bubblers
Total Parking 0
Lot Size Area 6465
Park Name 47th Street Apartments
Number of Buildings 2
Spa false
Lot Dimensions 50x125
Lot Size Acres 0.1484
Lot Size Source Survey
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* Excluded FeaturesList ByJoseph GalascioneListing Agent
Joseph M. Galascione, BrokerBroker
Affordability Calculator
- Monthly Principal & Interest
- $14,159
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,159,600
Percent of Sale Price 5%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/2/2026 | $2,050,000 | | Listed Price |