2985-87 54th St, East San Diego, CA 92105
- $1,465,000
- 10
- BD
- 6
- BA
Listing courtesy of Listing Agent: Mark Revetta (619-889-6275) from Listing Office: OnQu Realty.
Selling Office: Coldwell Banker West.- Sold Price
- $1,465,000
- List Price
- $1,498,000
- Status
- CLOSED
- Days on Market
- 39
- Closing Date
- May 19, 2026
- MLS#
- 260008464
- Subtype
- Residential Income
- Year Built
- 1951
- Bedrooms
- 10
- Bathrooms
- 6
- Full Baths
- 6
- Lot Size
- 5,975
- Acres
- 0.14
- Subdivision
- San Diego
- Neighborhood
- Oak Park
- Building Name
- Furlow Heights
- MLS Area Major
- San Diego Central
Property Description
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Additional Information
- Zoning
- R-3:RESTRI
- Heating
- Combination
- Air Conditioning
- Window/Wall
- Levels
- One
- Roof
- Composition
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