2842 48 Fairmount Avenue San Diego, CA ^$ 1,465,000

2842 48 Fairmount Avenue

^$ 1,465,000

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2842 48 Fairmount Avenue

San Diego, CA, 92105

^$ 1,465,000

Studio Baths0.0 Sq 3,000

Monthly Estimate*

^$ 10,233

Listed by Top Gun CRE

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 1

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 2

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 3

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 4

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 5

2842 48 Fairmount Avenue, San Diego, CA 92105 - Image 6

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Studio

Multi-Family Home for sale in San Diego, CA

for $1,465,000. This 3,000 square foot home was built in 1955 on a lot size of 0.1104.

Offered for sale: A value add four-unit residential income property at 2842-48 Fairmount Ave in the vibrant City Heights neighborhood, providing a desirable mix of units for investors. The property features a front building with three 1bed/1bath units, each approximately 756 sq ft, and a rear building that includes a spacious 2bed unit above three single-car garages. Additionally, there are three uncovered parking spaces accessible from the alley. Highlighting the investment appeal is the potential for ADU conversion of the garages, offering a path to increased revenue. Situated in City Heights, this property capitalizes on a high-demand rental market, making it an attractive opportunity for investors seeking to grow their portfolio in a dynamic San Diego neighborhood.

Multi-Family Pending

Price

^$ 1,465,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1104

Year Built

1955

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

PTP2401198

Days on Market

Features

General

Sewer PublicSewer

Zoning RS-1-7

HOA 0.0

Garage Spaces 3.0

Pool Features None

Year Built 1955

Gross Income 54576.0

Community Features Sidewalks Urban

County San Diego

Net Operating Income 25972.0

Operating Expense 19101.0

Insurance Expense 1500.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Trust

Status Pending

Directions GPS

City San Diego

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 3.0

Total Units 4

MLS Area 92105 - East San Diego

Lot Size Square Feet 4810.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Fairmount

Listing Terms Cash Conventional

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2401198

Days on Market 17

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Estimated

Tax Lot 2100

Taxes 12250.0

Cap Rate 1.77

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 4810.0

Number of Buildings 2

Spa N

Building Area Total 3000.0

Lot Size Acres 0.1104

Lot Size Units SquareFeet

Lot Size Source PublicRecords

Number of Separate Water Meters 4

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 2842

* Excluded Features

List By

Top Gun Cre

Broker

(786) 334-7569

Phone

Affordability Calculator

$10,233

Per Month

Monthly Principal & Interest: $10,233
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$1,704,550

Percent of Sale Price 16%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2024	$1,465,000		Listed Price

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2842 48 Fairmount Avenue, San Diego, CA, 92105 is a Multi-Family Home for sale at $1,465,000 with 3,000 sqft and a lot size of 0.1104. 2842 48 Fairmount Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 92105 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2842 48 Fairmount Avenue

Multi-Family Home for sale in San Diego, CA

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