NOT LISTED FOR SALE
6 Beds
4 Baths
8,480 Sq Ft
9,443 Sq Ft Lot

Sale Details

Date Sold: February 13, 2025

Last sale price $2,050,000 $242 Per Sq Ft

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

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Lot Details

  • 9,443

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

9,443 Sq Ft Lot

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
  • SDMLS_NumofADUUnits: 1.0
  • 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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Jan 10, 2025
Sold by
David Yilmaz Living Trust and Kriebel Marilyn
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$2,290,000
Sold Price
$2,050,000
Premium/Discount to List
-$240,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,248,770
Outstanding Balance
$131,122
Interest Rate
6.91%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 17, 2008
Sold by
Yilmaz David
Bought by
Yilmaz David and David Yilmaz Living Trust

Purchase Details

Closed on
Mar 21, 2005
Sold by
Yilmaz David and Yilmaz Michelle A
Bought by
Yilmaz David and The David Yilmaz Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,728
Interest Rate
5.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 2004
Sold by
Rescom Investment Llc
Bought by
Yilmaz David and Yilmaz Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2002
Sold by
M & L Financial Company Xxv
Bought by
Rescom Investments Llc and K & N Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2001
Sold by
Web Service Company Inc
Bought by
M & L Financial Company Xxv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,500
Interest Rate
7.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2001
Sold by
Kgc Properties Llc
Bought by
Krutzsch Andrew S and Krutzsch Diane Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,500
Interest Rate
7.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 1998
Sold by
Kgc Properties Llc
Bought by
Kgc Properties Llc

Purchase Details

Closed on
Jan 26, 1998
Sold by
Berez Jerry S
Bought by
Kgc Properties Llc

Purchase Details

Closed on
Dec 20, 1991

Purchase Details

Closed on
Aug 29, 1986

Purchase Details

Closed on
Jun 10, 1983
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Colina Del Sol, CA

See All Agents

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 Buyer Sale Price Title Company
$2,050,000 Ticor Title
Yilmaz David -- Commonwealth Land Title Co
Yilmaz David -- --
Yilmaz David $1,080,000 Diversified Title & Escrow S
Rescom Investments Llc $864,000 United Title Company
M & L Financial Company Xxv -- First American Title
Krutzsch Andrew S -- First American Title
M & L Financial Company Xxv $508,000 First American Title Co
Coles Stephen M -- First American Title
Kgc Properties Llc -- First American Title
Kgc Properties Llc $375,000 --
-- $546,000 --
-- $395,000 --
-- $310,000 --
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 Borrower Loan Amount
Open $2,248,770
Previous Owner Yilmaz David $133,728
Previous Owner Yilmaz David $700,000
Previous Owner Rescom Investments Llc $648,000
Previous Owner M & L Financial Company Xxv $280,500
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
02/13/2025 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

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 $25,678 $2,509,200 $1,489,200 $1,020,000
2025 $25,678 $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

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240017477

San Diego MLS

APN: 471-291-21-00

Your Personal Tour Guide

Ask me questions while you tour the home.