$2,050,000
SOLD FEB 13, 2025
6 Beds
4 Baths
8,480 Sq Ft
9,443 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

10% Below List Price

136 Days on Market

About This Home

As of February 2025

4348 50th Street is a 12-unit apartment property consisting of two buildings totaling 8,480 square feet built in 1959 on a 9,443 square foot lot. The unit mix consists of one 3 Bedroom / 2 Bathroom, three 2 Bedroom / 1 Bathroom, and eight 1 Bedroom / 1 Bathroom units. There are 12 surface parking spaces. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods aLike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 07/19/2024

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Property Details

Home Type

  • Multi-Family

Parking

  • 12 Parking Spaces

Home Design

Interior Spaces

  • 6 Bedrooms
  • 8,480 Sq Ft Home
  • 2-Story Property

Additional Features

  • 9,443 Sq Ft Lot
  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $18,635

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 11 Leased Units
  • Operating Expense $80,150

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 5.9
  • Co List Office Mls Id: 990885
  • Living Area: 8480.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-14T00:30:28Z
  • FullAddress: 4348 50th Street
  • NumofLeasedApartments: 11
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 6

Garage/Parking

  • Total Parking Spaces: 12.0

Lot Info

  • Lot Size Sq Ft: 9443.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 12
  • Annual Operating Expense: 80150.0
  • Total Actual Rent: 18635.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Sold $2,050,000 -10.1% $242 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $2,280,000 -0.4% $269 / Sq Ft
07/26/2024 07/26/24 For Sale $2,290,000 -- $270 / Sq Ft
Source: San Diego MLS

Tax History

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 $18,426 $2,040,000 $1,132,200 $907,800
2024 $18,426 $1,488,685 $641,192 $847,493
2023 $18,014 $1,459,496 $628,620 $830,876
2022 $17,535 $1,430,880 $616,295 $814,585
2021 $17,416 $1,402,824 $604,211 $798,613
2020 $17,206 $1,388,441 $598,016 $790,425
2019 $16,901 $1,361,218 $586,291 $774,927
2018 $15,804 $1,334,529 $574,796 $759,733
2017 $15,428 $1,308,363 $563,526 $744,837
2016 $15,178 $1,282,710 $552,477 $730,233
2015 $14,953 $1,263,444 $544,179 $719,265
2014 $14,720 $1,238,696 $533,520 $705,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240017477

San Diego MLS

APN: 471-291-21-00