Welcome to a rare, turnkey 4-unit opportunity in the heart of Fairmount Village, where modern design meets smart investment potential. Property has 5.25% Cap Rate, 15.53 GRM, $545,238 a door at $688 SF. Every unit comes with parking, 1 to 1 parking ratio. Property owner only expenses are taxes, insurance,… Read More and trash. Anchoring the property is a beautifully reimagined front home offering 1,198 SF of stylish living space and its own exclusive-use private yard—a true standout feature that feels like a single-family retreat. Fully remodeled from top to bottom, this residence showcases luxury vinyl plank flooring, brand-new dual-pane windows, a new roof, and a thoughtfully designed kitchen and bathrooms that blend clean, contemporary finishes with everyday functionality. Tucked behind, three newly constructed units deliver the ultimate in low-maintenance, high-demand living. The unit mix includes two 1-bedroom residences and a spacious 3-bedroom home with a versatile layout—featuring one bedroom and full bath on the main level, and two additional bedrooms and a bath upstairs—ideal for multi-generational living or maximizing rental flexibility. Each unit is equipped with its own split HVAC system, in-unit washer and dryer, and assigned off-street parking, offering comfort and convenience that today’s tenants and owners expect. All the heavy lifting has been done—new construction, major system upgrades, and modern finishes—so you can step right into a seamless ownership experience. Located in Fairmount Village neighborhood of East San Diego, minutes from downtown San Diego. Read Less
Courtesy of Compass, , Sidnev Muldrow.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Res Income 2-4 Units
Beds
8
Full Baths
6
Lot Size
0.15 Acres
Year Built
2026
MLS Number
260010007
Additional Details
Building
Built in 2026, Building area total: 3170, 2 number of buildings, 2 stories total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: 47th Street Apartments, 4 total units, "Wood/Stucco", "2 Story"
Cooling
"Zoned Area(s)", "Other/Remarks"
Expenses
Operating expense: $25,900
Fence
"Full"
Water Features
Irrigation source: "N/K", Water source: "Meter on Property"
Heating
"Forced Air Unit"
Home Owner's Association
Fee includes: "Trash Pickup"
Income
Gross scheduled income: $140,400
Lot
6,465 size sqft, Size units: Acres
Pets Policy
"Yes"
Pool
"N/K"
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income, Zoning: RS 1-6, "N/K"
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Source: San Diego MLS
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