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$2,050,000

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6,464 Sqft Lot

New

3546 3552 47Th Street San Diego, CA 92105

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Francisco "Paco" Licea

paco@pacotherealtor.com +1(951) 213-9131

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision City Heights

MLS Listing ID 260026171SD

HOA Y/N No

Year Built 2026

Lot Size 6,464 Sqft

Property Description

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! 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! 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).

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name 47th Street Apartments

Zoning R-2:MINOR

Interior

Heating Electric, See Remarks

Cooling See Remarks

Fireplace No

Appliance Electric Water Heater

Exterior

View Y/N Yes

Roof Type Composition

Building

Lot Description Drip Irrigation/Bubblers

Story Multi/Split

Entry Level Multi/Split

Level or Stories Multi/Split

Others

Senior Community No

Tax ID 4760612200

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA

Listing Terms Cash, Conventional, Cal Vet Loan, FHA

Virtual Tour https://www.propertypanorama.com/instaview/snd/260026171

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Listed by Joseph Galascione Joseph M. Galascione, Broker #01455641

NEARBY SCHOOLS & PROPERTIES

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Francisco "Paco" Licea

Broker Associate License ID: 01337048

+1(951) 213-9131