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

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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.

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Home facts

  • Year built:1951
  • Listing ID #:260008464
  • Added:43 day(s) ago
  • Updated:May 24, 2026 at 07:36 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
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