2985-87 54th St, San Diego, CA 92105

San Diego
Local realty services provided by:ERA North Orange County Real Estate
2985-87 54th St,San Diego, CA 92105
$1,498,000
Virtual Tour
  • 10 Beds
  • 6 Baths
  • 2,989 sq. ft.
  • Multi-family
  • Pending
Listed by: mark revetta
Office: onqu realty
MLS#:260008464
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,498,000
  • Price per sq. ft.:$501.17

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1951
  • Listing ID #:260008464
  • Added:50 day(s) ago
  • Updated:May 30, 2026 at 07:48 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:2,989 sq. ft.

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Combination Heating

Structure and exterior

  • Roof:Composition
  • Year built:1951
  • Building area:2,989 sq. ft.
  • Construction Materials:Stucco, Wood
  • Levels:1 Story

Utilities

  • Water:Meter on Property
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,498,000
  • Price per sq. ft.:$501.17
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

New listings near 2985-87 54th St