2985 54th St San Diego, CA 92105
Oak Park NeighborhoodEstimated payment $9,605/month
Highlights
- 1-Story Property
- Property is Fully Fenced
- Heating Available
- Oak Park Elementary School Rated A-
- Wood Siding
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 5,975 Sq Ft Lot
- Property is Fully Fenced
Home Design
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 10 Bedrooms
- 2,989 Sq Ft Home
- 1-Story Property
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Community Details
Overview
- 2 Buildings
- 4 Units
- Furlow Heights Community
- San Diego Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | Pending | -- | -- | -- |
| 04/21/2026 04/21/26 | Price Changed | $1,498,000 | -3.2% | $501 / Sq Ft |
| 04/09/2026 04/09/26 | For Sale | $1,548,000 | -- | $518 / Sq Ft |
Source: San Diego MLS
MLS Number: 260008464
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Ask me questions while you tour the home.