NOT LISTED FOR SALE
10 Beds
6 Baths
2,989 Sq Ft
5,975 Sq Ft Lot

Sale Details

Date Sold: May 19, 2026

Last sale price $1,465,000 $490 Per Sq Ft

18 Days on Market

Highlights

  • 1-Story Property
  • Wood Siding
  • Heating Available
  • Property is Fully Fenced

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Mark Revetta

OnQu Realty License #01248164 Listed on: 04/09/2026

Last Buyer's Agent

Tiana San Nicolas

Coldwell Banker West License #02151547

Coldwell Banker West
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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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water, water

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Furlow Heights Community
  • San Diego Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

5,975 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1951
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Frontage: Other/Remarks
  • SpaFeatures: N/K
  • Security Features: N/K
  • CapRate: 5.84
  • Co List Office Mls Id: 5643
  • Subdivision Name: SAN DIEGO
  • Directions: 54th to 54th Frontage Street, between College Grove and Redwood
  • BuildingName: Furlow Heights
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-07-07T00:02:32Z
  • AgeRestrictions: N/K
  • FullAddress: 2985-87 54Th St
  • Miscellaneous: N/K
  • ShortSale: No
  • Site: Public Street
  • Telecommunications: N/K
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Total Bedrooms: 10

Exterior Features

  • Fencing: Full
  • Roof: Composition
  • View: N/K
  • Pool Features: N/K
  • Construction Type: Stucco, Wood

Garage/Parking

  • SDMLS_RV_Parking: None Known

Utilities

  • Cooling: Wall/Window
  • Heating: Combination Heating
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions

Lot Info

  • Zoning: R-3:RESTRI
  • Lot Size Sq Ft: 5975.0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Water

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 4

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
05/19/2026 05/19/26 Sold $1,465,000 -2.2% $490 / 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

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
2025 $7,966 $87,236 $17,621 $69,615
2024 $7,966 $80,402 $16,241 $64,161
2023 $7,550 $69,312 $14,001 $55,311
2022 $6,492 $60,971 $12,316 $48,655
2021 $6,152 $55,556 $11,312 $44,244
2020 $6,121 $53,755 $10,945 $42,810
2019 $5,930 $50,976 $10,379 $40,597
2018 $5,765 $49,081 $10,153 $38,928
2017 $5,570 $46,658 $9,965 $36,693
2016 $5,201 $43,268 $9,616 $33,652
2015 $4,506 $39,509 $8,764 $30,745
2014 $4,506 $38,964 $8,643 $30,321
2013 $4,506 $40,800 $9,050 $31,750
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 260008464

San Diego MLS
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