2985 87 54th St
San Diego, CA 92105
0
Bed
0
Bath
5,975Sqft(Lot)
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 0 -
Interior Features
Roof: Composition Property Appliances: Tankless Water Heater -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Combination,Electric Has Heating
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Building Information
Year Built: 1951 Roof: Composition -
Pool Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1372 -
Lot Size Source: Assessor Lot Size Square Feet: 5975
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Listing Price Information
Original List Price: 1,498,000 Listing Contract Date: 2026-04-09 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 4773410100
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Rental Info
Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,Water
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Other Property Info
Source Listing Status: Pending Source Neighborhood: 92105 - East San Diego Directions: 54th to 54th Frontage Street, between College Grove and Redwood CrossStreet: College Grove Zoning: R-3:RESTRI Source Property Type: Residential Income Area: 92105 - East San Diego -
Building and Construction
Property Age: 75 Year Built Source: Vendor Enhanced Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5703 Michael, San Diego, CA, 92105 | $749,900 | 3 | 2 | 1,000 | 1,000 SqFt |
| 2003 Bayview Heights Dr.., San Diego, CA, 92105 | $335,000 | 4 | 2 | 1,496 | 1,496 SqFt |
| 5610 Streamview Drive, San Diego, CA, 92105 | $769,000 | 3 | 2 | 1,200 | 1,200 SqFt |
| 5474 Streamview Dr, San Diego, CA, 92105 | $700,000 | 4 | 2 | 1,116 | 1,116 SqFt |
| 2003 BAYVIEW Hts Dr. #88, San Diego, CA, 92105 | $224,000 | 2 | -- | 1,344 | 1,344 SqFt |
| 3133 54th St, San Diego, CA, 92105 | $789,000 | 4 | 2 | 1,582 | 1,582 SqFt |
| 2003 Bayview Heights #S.., San Diego, CA, 92105 | $340,000 | 3 | 2 | 1,503 | 1,503 SqFt |
| 3854 50th Street, San Diego, CA, 92105 | $2,250,000 | -- | -- | 5,696 | 5,696 SqFt |
| 2259 Haniman Dr, San Diego, CA, 92105 | $749,000 | 3 | 2 | 984 | 984 SqFt |
| 4845 Wightman Street, San Diego, CA, 92105 | $699,000 | 2 | 1 | 572 | 572 SqFt |
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ByOwner last updated this listing 06/15/2026 @ 18:11
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