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$ 2,600,000
Est. payment /mo
New
430 47th San Diego, CA 92102
57 Beds
63 Baths
3,826 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,826 sqft
Price per Sqft $679
MLS Listing ID 260017544
Bedrooms 57
Full Baths 63
Lot Size 9,800 Sqft
Property Sub-Type Com-Res Income
Property Description
We are pleased to present 430 47th Street, a newly constructed seven-unit multifamily investment opportunity located in San Diego's Chollas View neighborhood. This turnkey property combines the charm of a beautifully remodeled front home with the efficiency and low-maintenance benefits of six newly constructed one-bedroom residences, making it an ideal addition to any investment portfolio. Designed to appeal to today's renters, each unit features modern finishes including quartz stone countertops, stainless steel appliances, in-unit laundry, luxury vinyl plank flooring, and efficient floor plans. Several of the units also offer private side yards, providing desirable outdoor living space that is uncommon in similar apartment communities. One of the property's most valuable features is its eight off-street parking spaces. Parking is increasingly difficult to find in many newer multifamily developments throughout San Diego, making this a significant competitive advantage that enhances tenant satisfaction and helps minimize turnover. The property is currently in the lease-up phase, with three of the seven units already occupied and additional leases in progress. This allows a new owner to benefit from continued stabilization while capturing future rental upside as the remaining units are leased. Located in an area experiencing continued investment and redevelopment, 430 47th Street offers investors the rare opportunity to acquire a newly built, low-maintenance asset with modern amenities, strong tenant appeal, and long-term income potential.
Location
State CA
County San Diego
Area Metro Central
Zoning RM1-1
Interior
Heating Wall
Cooling Wall/Window
Flooring Wood
Fireplace No
Laundry Owned
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Total Parking Spaces 10
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 547-223-03-00
Listed by Joe Phair, DRE#01858062 Keller Williams San Diego Metro