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4170 N 48th Street is an 8-unit multifamily property in San Diego's City Heights submarket, 100% occupied with in-place rents below pro forma. One two-story building built in 1962, approx. 5,488 SF on a 6,251 SF lot zoned RM-1-3. Unit mix of six 2BR/1BA units (approx. 734 SF) and two 1BR/1BA units (approx. 540 SF), with 9 on-site parking spaces. Current gross scheduled income of $169,200 and NOI of $122,347 (5.69% cap rate at list price). Pro forma rents of $16,900/month project NOI of approx. $145,401. Frame construction, stucco exterior, flat roof. Central infill location near I-15 and I-805, El Cajon Blvd and University Ave retail, neighborhood schools, and public transit. Value-add opportunity through unit turns, interior upgrades, and rent normalization, with longer-term optionality under RM-1-3 zoning.
Property Type(s):
Commercial
| Last Updated | 11/13/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92105 - East San Diego | County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92105 - East San Diego |
| CONSTRUCTION | Frame |
| HEAT | None |
| LOT | 6251 sq ft |
| LOT DIMENSIONS | 6251 |
Location
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Listed with The Agency
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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