$2,180,000

Estimated payment $12,520/month

Total Views 1,597
8 Beds
6 Baths
3,170 Sq Ft
$688 Price per Sq Ft

About This Home

Welcome to a rare, turnkey 4-unit opportunity in the heart of Fairmount Village, where modern design meets smart investment potential. Property has 5.25% Cap Rate, 15.53 GRM, $545,238 a door at $688 SF. Every unit comes with parking, 1 to 1 parking ratio. Property owner only expenses are taxes, insurance, and trash. Anchoring the property is a beautifully reimagined front home offering 1,198 SF of stylish living space and its own exclusive-use private yard—a true standout feature that feels like a single-family retreat. Fully remodeled from top to bottom, this residence showcases luxury vinyl plank flooring, brand-new dual-pane windows, a new roof, and a thoughtfully designed kitchen and bathrooms that blend clean, contemporary finishes with everyday functionality. Tucked behind, three newly constructed units deliver the ultimate in low-maintenance, high-demand living. The unit mix includes two 1-bedroom residences and a spacious 3-bedroom home with a versatile layout—featuring one bedroom and full bath on the main level, and two additional bedrooms and a bath upstairs—ideal for multi-generational living or maximizing rental flexibility. Each unit is equipped with its own split HVAC system, in-unit washer and dryer, and assigned off-street parking, offering comfort and convenience that today’s tenants and owners expect. All the heavy lifting has been done—new construction, major system upgrades, and modern finishes—so you can step right into a seamless ownership experience. Located in Fairmount Village neighborhood of East San Diego, minutes from downtown San Diego.

Listing Agent

Sidnev Muldrow

Compass License #01786078 Listed on: 04/27/2026

Compass

Co-Listing Agent

Joseph Galascione

Joseph M. Galascione, Broker License #01455641

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2026

Lot Details

  • 6,465 Sq Ft Lot
  • Property is Fully Fenced

Interior Spaces

  • 8 Bedrooms
  • 3,170 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

Overview

  • Association fees include trash pickup
  • 2 Buildings
  • 4 Units
  • 47Th Street Apartments Community
  • East San Diego Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $25,900

Property Details

Home Type

Multi-Family

Year Built

Built in 2026

Lot Details

6,465 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 2026
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • SpaFeatures: N/K
  • Security Features: N/K
  • CapRate: 5.25
  • Association Fee Inclusions: Trash Pickup
  • Co List Office Mls Id: 5564
  • Co List Office Mls Id: 8676
  • Subdivision Name: EAST SAN DIEGO
  • Directions: 805 South to Home Ave. exit make left off the exit on Home Ave. and left on Myrtle Ave and Right on 47th. Home is on your left.
  • BuildingName: 47th Street Apartments
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-05-06T03:26:52Z
  • AgeRestrictions: Other/Remarks
  • FullAddress: 3546-3552 47th St
  • ShortSale: No
  • Site: N/K
  • Telecommunications: Cable (coaxial)
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Total Bedrooms: 8

Exterior Features

  • Fencing: Full
  • Roof: Other/Remarks
  • View: N/K
  • Pool Features: N/K
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: Zoned Area(s), Other/Remarks
  • Heating: Forced Air Unit
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Zoning: RS 1-6
  • Lot Size Sq Ft: 6465.0

Rental Info

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

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Annual Operating Expense: 25900.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,536 $637,499 $503,289 $134,210
2024 $5,985 $484,500 $382,500 $102,000
2023 $2,623 $101,725 $62,603 $39,122
2022 $2,590 $99,731 $61,376 $38,355
2021 $2,580 $97,776 $60,173 $37,603
2020 $2,566 $96,774 $59,556 $37,218
2019 $2,544 $94,878 $58,389 $36,489
2018 $1,043 $93,019 $57,245 $35,774
2017 $1,016 $91,196 $56,123 $35,073
2016 $997 $89,409 $55,023 $34,386
2015 $982 $88,067 $54,197 $33,870
2014 $966 $86,343 $53,136 $33,207
Source: Public Records

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 Prior Sale
04/27/2026 04/27/26 For Sale $2,180,000 +248.8% $688 / Sq Ft
03/26/2024 03/26/24 Sold $625,000 +4.2% $836 / Sq Ft View Prior Sale
02/15/2024 02/15/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $600,000 -4.0% $802 / Sq Ft
12/05/2023 12/05/23 Off Market $625,000 -- --
12/03/2023 12/03/23 For Sale $600,000 -- $802 / Sq Ft
Source: San Diego MLS

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 $625,000 Lawyers Title Company
Interfamily Deed Transfer -- Commonwealth Land Title Co
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

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 $437,500 New Conventional
Previous Owner $390,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Source: San Diego MLS

MLS Number: 260010007

San Diego MLS

APN: 476-061-22

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