3854 50th Street, San Diego, CA 92105
Local realty services provided by:CENTURY 21 LOTUS
Listed by: maxwell brown
Office: commercial asset advisors858-360-3000
MLS#:PTP2601533
Source:CRMLS
Price summary
- Price:$2,250,000
- Price per sq. ft.:$395.01
About this home
Priced for an immediate sale at $45k per unit below the 1980s+ Sale Comp Average over the last year! 3854 50th Street presents a compelling opportunity to acquire a low-maintenance 1980s construction asset in a historically high-demand yet affordable Central San Diego location. This “workhorse” investment combines strong in-place income with desirable infrastructure improvements and systems. The property benefits from major infrastructure improvements and durable 1980s-era construction features that materially reduce long-term ownership risk and expense. The building features ABS sewer lines and new copper water supply lines that have been rerouted from the slab to the building’s exterior — a significant upgrade compared to older assets with aging cast iron plumbing. The electrical system consists of original 1980s Arrow Hart Murray panels, which are not flagged by insurance carriers. Improvements include a new roof (2020), dual-pane windows, parking lot repave, and new code-compliant catwalk railings. Seasoned investors recognize the substantial cost burden associated with replacing cast iron plumbing, in-slab water lines, and outdated electrical panels — expenses that can average $25,000–$35,000 per unit, excluding demolition and reconstruction costs. This asset avoids those major capital exposures, offering a more predictable and expense-controlled operating profile. The property produces a strong 6.10% cap rate and 9.95 GRM with the immediately available rent increases and a 6.86% proforma cap rate post full interior renovations. Unit interiors have received light updates over time but currently reflect deferred maintenance and dated finishes. All units can receive an immediate rent increase allowing for additional income or used as a strategy to encourage natural unit turnover to begin unit renovations for even higher rent capability. The property consists of eight (8) 1-bedroom / 1-bath units and two (2) 2-bedroom / 1.5-bath units situated on an oversized 12,885 SF lot with approximately 5,696 SF of rentable living space. The property provides 17 parking spaces, creating the opportunity for additional income from tenants requiring more than one space. An onsite laundry room is present but currently not equipped with machines, presenting immediate upside through installation of a laundry service as both a tenant amenity and supplemental income stream. Utilities include 11 electric meters, one gas meter, and one water meter. Residents enjoy proximity to many of San Diego’s major employment and lifestyle centers, all within a 5–15 minute drive, including Downtown San Diego, North Park, Mission Valley, Fashion Valley, SDSU, USD, Naval Base San Diego, and Scripps Medical Center. The property offers excellent freeway connectivity via I-15, I-805, I-8, and SR-94, supporting strong tenant demand and long-term rental stability....
Contact an agent
Home facts
- Year built:1980
- Listing ID #:PTP2601533
- Added:106 day(s) ago
- Updated:June 14, 2026 at 10:34 AM
Rooms and interior
- Living area:5,696 sq. ft.
Structure and exterior
- Year built:1980
- Building area:5,696 sq. ft.
- Lot area:0.3 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,250,000
- Price per sq. ft.:$395.01
New listings near 3854 50th Street
- New
$759,900Active2 beds 2 baths1,013 sq. ft.450 J Street #3251, San Diego, CA 92101
MLS# 260014443SDListed by: RE/MAX CITY REAL ESTATE - Coming Soon
$950,000Coming Soon4 beds 2 baths6439 Lake Mere Court, San Diego, CA 92119
MLS# PTP2604571Listed by: COLDWELL BANKER WEST
$1,350,000Active-- beds -- baths5036 W Point Loma Blvd, San Diego, CA 92107
MLS# 260012678SDListed by: COLDWELL BANKER WEST- New
$999,900Active3 beds 2 baths1,290 sq. ft.7475 Salizar, San Diego, CA 92111
MLS# 260014439SDListed by: SUNRISE INVESTMENT INTERNATIONAL - New
$459,000Active1 beds 1 baths749 sq. ft.425 W Beech St. #336, San Diego, CA 92101
MLS# 260014442SDListed by: COMPASS - New
$820,000Active2 beds 3 baths1,148 sq. ft.10242 Wateridge Cir #197, San Diego, CA 92121
MLS# 260014437SDListed by: RE/MAX CONNECTIONS - New
$4,575,000Active6 beds 9 baths1311-15 Pacific Beach Dr, Pacific Beach (san Diego), CA 92109
MLS# 260014435Listed by: COLDWELL BANKER WEST - New
$4,575,000Active-- beds -- baths1311 15 Pacific Beach Dr, San Diego, CA 92109
MLS# 260014435SDListed by: COLDWELL BANKER WEST - Open Sun, 2 to 5pmNew
$499,000Active2 beds 2 baths894 sq. ft.7954 Mission Center #B, San Diego, CA 92108
MLS# 260014425SDListed by: REAL BROKER - Open Sun, 12 to 4pmNew
$1,549,000Active4 beds 2 baths1,920 sq. ft.10325 Avenida Magnifica, San Diego, CA 92131
MLS# 260014429SDListed by: COMPASS