4444 49th, San Diego, CA 92115

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Beds

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Baths

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Sq ft

About this home

HUGE PRICE REDUCTION! $350,000!!! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,250,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income.

Type

Residential

Year built

1962

Lot

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Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$14,190/mo

Principal & interest$11,377
Property tax (est.)$2,156
Home insurance (est.)$656

Down payment: 20% ($450,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Christian Romero, Millennial Realty Group. MLS# 250041093SD. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.