Properties

San Diego, CA 92105 2985 54Th St

2985 54Th St San Diego, CA - Image 12985 54Th St San Diego, CA - Image 22985 54Th St San Diego, CA - Image 3
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Presented By: Mark Revetta with OnQu Realty;
  • MLS# 260008464SD
  • 04/09/2026
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  • Baths • 1

Home Details

Turnkey 4-Unit Investment Opportunity โ€“ 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 12.6 & 5.85% 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 & SDSU only 3.5 miles away.
Presented By: Mark Revetta with OnQu Realty;

Interior Features for 2985 54Th St

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1

General for 2985 54Th St

AppliancesTankless Water Heater
Cap Rate5.84
CitySan Diego
CoolingWall/Window Unit(s)
CountySan Diego
Directions54th to 54th Frontage Street, between College Grove and Redwood CrossStreet: College Grove
HOA Fee$
HeatingCombination, Electric
LevelsOne
Listing TermsCash, Conventional, Cal Vet Loan, FHA, VA Loan
Lot Size Square Feet5975
Lot Size UnitsSquare Feet
MLS Area92105 - East San Diego
Net Operating Income
Number Of Units Total4
Pool FeaturesNone
PossessionClose Of Escrow
PostalCitySAN DIEGO
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Spa FeaturesNone
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameSan Diego
Tenant PaysCable TV, Electricity, Gas, Water
ViewNone
Year Built1951
ZoningR-3:RESTRI

Exterior for 2985 54Th St

Lot Size Acres0.1372
Lot Size Area5975
Lot Size SourceAssessor
Number of Buildings2
Park NameFurlow Heights
Private PoolNo
SpaYes
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,548,000
MLS#260008464SD
List Date 04/09/2026
Property Type Multi-Family
Phone 888.795.6274
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