Active

3854 50th Street

San Diego, CA 92105
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt5,696

Sqft

SqFt12,885

Sqft(Lot)

Priced for an immediate sale at $45k per unit below the 1980s+ Sale Comp Average over the last year! 3854 50th Street presents a compelling opportunity to acquire a low-maintenance 1980s construction asset in a historically high-demand yet affordable Central San Diego location. This “workhorse” investment combines strong in-place income with desirable infrastructure improvements and systems. The property benefits from major infrastructure improvements and durable 1980s-era construction features that materially reduce long-term ownership risk and expense. The building features ABS sewer lines and new copper water supply lines that have been rerouted from the slab to the building’s exterior — a significant upgrade compared to older assets with aging cast iron plumbing. The electrical syst em consists of original 1980s Arrow Hart Murray panels, which are not flagged by insurance carriers. Improvements include a new roof (2020), dual-pane windows, parking lot repave, and new code-compliant catwalk railings. Seasoned investors recognize the substantial cost burden associated with replacing cast iron plumbing, in-slab water lines, and outdated electrical panels — expenses that can average $25,000–$35,000 per unit, excluding demolition and reconstruction costs. This asset avoids those major capital exposures, offering a more predictable and expense-controlled operating profile. The property produces a strong 6.10% cap rate and 9.95 GRM with the immediately available rent increases and a 6.86% proforma cap rate post full interior renovations. Unit interiors have received light updates over time but currently reflect deferred maintenance and dated finishes. All units can receive an immediate rent increase allowing for additional income or used as a strategy to encourage natural unit turnover to begin unit renovations for even higher rent capability. The property consists of eight (8) 1-bedroom / 1-bath units and two (2) 2-bedroom / 1.5-bath units situated on an oversized 12,885 SF lot with approximately 5,696 SF of rentable living space. The property provides 17 parking spaces, creating the opportunity for additional income from tenants requiring more than one space. An onsite laundry room is present but currently not equipped with machines, presenting immediate upside through installation of a laundry service as both a tenant amenity and supplemental income stream. Utilities include 11 electric meters, one gas meter, and one water meter. Residents enjoy proximity to many of San Diego’s major employment and lifestyle centers, all within a 5–15 minute drive, including Downtown San Diego, North Park, Mission Valley, Fashion Valley, SDSU, USD, Naval Base San Diego, and Scripps Medical Center. The property offers excellent freeway connectivity via I-15, I-805, I-8, and SR-94, supporting strong tenant demand and long-term rental stability.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $2,250,000

AD Id : 75674787

MLS Id : PTP2601533

Lot Size : 12,885 Sqft

Living Area Size : 5,696

Year Built : 1980

County : San Diego

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer
  • Cooling Features

    Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1980 Building Area Total: 5,696
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2958
  • Lot Size Source: Public Records Lot Size Square Feet: 12885

  • Listing Price Information

    Original List Price: 2,250,000 Listing Contract Date: 2026-02-25
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4716213900

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92105 - East San Diego Directions: GPS Zoning: CC-5-4 Source Property Type: Residential Income Area: 92105 - East San Diego
  • Building and Construction

    Property Age: 46 Common Walls: 2+ Common Walls Year Built Source: Vendor Enhanced Entry Level: 1 Entry Location: street Property Attached: Yes
Sell a home like this and save $134,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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
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
4788 Auburn Dr, San Diego, CA, 92105 $725,000 2 2 1,209 1,209 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/15/2026 @ 09:42

MLS: PTP2601533 LISTED BY: Maxwell Brown, Commercial Asset Advisors 858-360-3000 SOURCE: CRMLS

Selling? Save $134,501 when you sell a home like this

Tour with a ByOwner Agent