2985 87 54th St, San Diego, CA 92105

San Diego
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2985 87 54th St,San Diego, CA 92105
$1,498,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: mark revetta
Office: onqu realty619-462-6678
MLS#:260008464SD
Source:CRMLS

Price summary

  • Price:$1,498,000

About this home

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 & SDSU only 3.5 miles away.

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Home facts

  • Year built:1951
  • Listing ID #:260008464SD
  • Added:70 day(s) ago
  • Updated:June 19, 2026 at 07:41 AM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Combination, Electric

Structure and exterior

  • Roof:Composition
  • Year built:1951
  • Lot area:0.14 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,498,000

Features and amenities

  • Amenities:Tankless Water Heater
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