2959 54th St San Diego, CA 92105
Oak Park NeighborhoodEstimated payment $19,124/month
About This Home
This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.
Property Details
Home Type
- Multi-Family
Home Design
- Stucco
Interior Spaces
- 28 Bedrooms
- 9,360 Sq Ft Home
- 2-Story Property
Parking
- 12 Parking Spaces
- Parking Available
Additional Features
- 11,133 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
Overview
- 3 Buildings
- 12 Units
Building Details
- Operating Expense $107,785
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $9,340 | $714,681 | $224,330 | $490,351 |
| 2025 | $9,340 | $700,669 | $219,932 | $480,737 |
| 2024 | $8,483 | $686,931 | $215,620 | $471,311 |
| 2023 | $8,294 | $673,463 | $211,393 | $462,070 |
| 2022 | $8,073 | $660,259 | $207,249 | $453,010 |
| 2021 | $8,018 | $647,314 | $203,186 | $444,128 |
| 2020 | $7,921 | $640,678 | $201,103 | $439,575 |
| 2019 | $7,781 | $628,116 | $197,160 | $430,956 |
| 2018 | $7,275 | $615,801 | $193,295 | $422,506 |
| 2017 | $83 | $603,727 | $189,505 | $414,222 |
| 2016 | $6,986 | $591,890 | $185,790 | $406,100 |
| 2015 | $5,366 | $453,891 | $203,996 | $249,895 |
| 2014 | -- | $195,467 | $109,610 | $85,857 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/20/2026 05/20/26 | Pending | -- | -- | -- |
| 03/24/2026 03/24/26 | Price Changed | $3,325,000 | -5.7% | $355 / Sq Ft |
| 03/12/2026 03/12/26 | For Sale | $3,525,000 | 0.0% | $377 / Sq Ft |
| 02/20/2026 02/20/26 | Pending | -- | -- | -- |
| 01/13/2026 01/13/26 | For Sale | $3,525,000 | -- | $377 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,750,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $1,350,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Orange Coast Title | |
| Quit Claim Deed | -- | Orange Coast Title | |
| Grant Deed | $143,000 | Orange Coast Title Company | |
| Grant Deed | $100,000 | World Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Closed | $800,000 | Commercial | |
| Previous Owner | $995,000 | Commercial | |
| Previous Owner | $366,000 | Commercial | |
| Previous Owner | $995,000 | Commercial | |
| Previous Owner | $995,000 | Commercial | |
| Previous Owner | $995,000 | Commercial | |
| Previous Owner | $223,000 | Commercial |
Source: San Diego MLS
MLS Number: 2600970
APN: 477-341-04-00
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