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Prime 5- Unit Investment Opportunity| Central San Diego 1014-20 N. 47th Street, San Diego, CA Unlock exceptional value and multiple revenue streams with this well-maintained 5-unit residential income property in a high-demand San Diego market. Ideal for cash-flow investors and value-add strategists looking for strong current returns paired with immediate income growth potential. Units are priced well below market value, giving the new owner massive opportunity to boost rents. NO LEASES in place, all month to month. Value in new tenants paying market value. Key Highlights& Multiple Income Streams: - 5 Residential Units: Solid multi-family layout with a consistent rental history. - Significant Rental Upside: Rents are currently below market, offering a clear path to increase Gross Operating income as leases renew or units turn over. - On-Site Garages: Dedicated garage spaces provide secure vehicle parking or storage- offering an immediate opportunity to generate extra monthly rent per garage space or bundle them for higher overall residential lease rates. -Owned Laundry Income: Owned on-site Laundry Facilities generate monthly income in steady additional revenue with no third- party lease vendor taking a cut. Pride of ownership ensures low near-term capital expenditures, letting you focus on optimizing income. Conveniently located with quick access to major San Diego freeways, public transit.
Property Type(s):
Residential Income
| Last Updated | 10/12/2026 | Year Built | 1961 |
|---|---|---|---|
| Community | 92102 - San Diego | Garage Spaces | 3.0 |
| County | San Diego |
Price History
| Prior to Oct 12, '26 | $1,450,000 |
|---|---|
| Oct 12, '26 - Today | $1,250,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Gas Cooktop, Gas Oven |
| AREA | 92102 - San Diego |
| GARAGE | Yes |
| HEAT | None |
| LOT | 10141 sq ft |
| LOT DIMENSIONS | 10139 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
Location
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Listed with RAF Investment Services Inc.
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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