NOT LISTED FOR SALE
5 Beds
4 Baths
5,043 Sq Ft
-- Built

Sale Details

Date Sold: February 19, 2021

Last sale price $1,495,000 $296 Per Sq Ft

48 Days on Market

About This Home

As of February 2021

4038 48th Street features 7 rental units each with their own APN built in 1981 and situated on one 7,000 sq ft parcel. The 5,043 sq ft property features 9 parking spaces, a front balcony, leased laundry facilities, and a double garage with a new door. The unit mix boasts an 880 sq ft 2 Bed / 2 Bath, three 2 Bed / 1 Baths ranging from 792-851 sq ft, and three 1 Bed / 1 Baths at 576 sq ft. The majority of the tenants are Section 8 with strong, mostly subsidized rents. There is additional upside in the 2 bedrooms units. Some units have been remodeled with plank flooring and/or 18” tile. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/10/2020

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/10/2020

Property Details

Home Type

  • Multi-Family

Parking

  • 9 Parking Spaces

Home Design

Interior Spaces

  • 5 Bedrooms
  • 5,043 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $10,915

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • Operating Expense $37,872

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 5.59
  • Co List Office Mls Id: 69464
  • Living Area: 5043.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T10:25:34Z
  • FullAddress: 4038 48th Street
  • NumofLeasedApartments: 7
  • ShortSale: No
  • SDMLS_NumofADUUnits: 1.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Garage/Parking

  • Total Parking Spaces: 9.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 7
  • Annual Operating Expense: 37872.0
  • Total Actual Rent: 10915.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
02/19/2021 02/19/21 Sold $1,495,000 -6.3% $296 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $1,595,000 -- $316 / 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
2026 $3,148 $253,936 $110,406 $143,530
2025 $3,029 $248,958 $108,242 $140,716
2024 $3,029 $244,077 $106,120 $137,957
2023 $2,962 $239,292 $104,040 $135,252
2022 $2,884 $108,070 $34,126 $73,944
2021 $1,362 $108,070 $34,126 $73,944
2020 $1,346 $106,963 $33,777 $73,186
2019 $1,322 $104,866 $33,115 $71,751
2018 $1,238 $102,811 $32,466 $70,345
2017 $1,208 $100,796 $31,830 $68,966
2016 $1,188 $98,820 $31,206 $67,614
2015 $1,171 $97,337 $30,738 $66,599
2014 -- $95,431 $30,136 $65,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200045313

San Diego MLS
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