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San Diego, CA 92105 2842 48 Fairmount Avenue

$1,465,000

Sold: May 01, 2024
2842 48 Fairmount Avenue San Diego, Ca - Image 12842 48 Fairmount Avenue San Diego, Ca - Image 22842 48 Fairmount Avenue San Diego, Ca - Image 3
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Presented By: Nicolas Hernandez with Top Gun CRE; nickh@topguncre.com
  • MLS# PTP2401198
  • 03/04/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 3,000
  • GarageGarage • 3

Home Details

Offered for sale: A value add four-unit residential income property at 2842-48 Fairmount Ave in the vibrant City Heights neighborhood, providing a desirable mix of units for investors. The property features a front building with three 1bed/1bath units, each approximately 756 sq ft, and a rear building that includes a spacious 2bed unit above three single-car garages. Additionally, there are three uncovered parking spaces accessible from the alley. Highlighting the investment appeal is the potential for ADU conversion of the garages, offering a path to increased revenue. Situated in City Heights, this property capitalizes on a high-demand rental market, making it an attractive opportunity for investors seeking to grow their portfolio in a dynamic San Diego neighborhood.
Presented By: Nicolas Hernandez with Top Gun CRE; nickh@topguncre.com

General for 2842 48 Fairmount Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate1.77
Carport Y/NNo
CitySan Diego
Close Price815000.0
Community FeaturesSidewalks, Urban
CountySan Diego
Days on Market17
DirectionsGPS
Entry Location1
Garage Spaces3.0
Garage Y/NYes
Gross Income54576.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet4810.0
MLS Area92105 - East San Diego
MobileHomeRemainsYNNo
Net Operating Income25972.0
New ConstructionNo
Open Parking Spaces3.0
Operating Expense19101.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsTrust
Standard StatusClosed
StatusClosed
Street NameFairmount
Tax Lot2100
Taxes$12,250
Total Units4
Trash Expense200.0
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1955
Year Built SourceEstimated
ZoningRS-1-7

Interior for 2842 48 Fairmount Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailmaxd@topguncre.com
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixAvenue
Total Baths0
Total Stories2

Exterior for 2842 48 Fairmount Avenue

Building Area Total3000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1104
Lot Size Area4810.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,465,000
MLS#PTP2401198
List Date 03/04/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors