3854 50th Street, San Diego, CA 92105
Local realty services provided by:CENTURY 21 Village Realty
Listed by: maxwell brown
Office: commercial asset advisors
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investors recognize the substantial cost burden associated with replacing cast iron plumbing, in-slab water lines, and outdated electrical panels — expenses that can average $25,000–$35,000 per unit, excluding demolition and reconstruction costs.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:1 day(s) ago
- Updated:February 28, 2026 at 03:31 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
- Open Sat, 12 to 3pmNew
$845,000Active3 beds 3 baths1,659 sq. ft.6770 Caminito Del Greco, San Diego, CA 92120
MLS# 260004069Listed by: FATHOM REALTY GROUP, INC - Open Sun, 11am to 4pmNew
$1,039,900Active3 beds 2 baths1,225 sq. ft.8447 Harwell Dr, San Diego, CA 92119
MLS# 260004683SDListed by: BEACH CITY BROKERS, INC. - New
$915,000Active4 beds 3 baths2,044 sq. ft.810 Crosspoint Ct, San Diego, CA 92114
MLS# 260004685SDListed by: EXP REALTY OF CALIFORNIA, INC. - New
$775,000Active5 beds 2 baths2,352 sq. ft.1939 Paradise St, San Diego, CA 92114
MLS# 260004687SDListed by: DESTINY SIX FINANCIAL RE MORTG - New
$985,000Active3 beds 2 baths1,630 sq. ft.18228 Corte De Casares, San Diego, CA 92128
MLS# 260004689SDListed by: COLDWELL BANKER REALTY - Open Sun, 12:30 to 3:30pmNew
$1,540,000Active4 beds 2 baths2,000 sq. ft.4671 Robbins Street, San Diego, CA 92122
MLS# NDP2601921Listed by: COLDWELL BANKER REALTY - New
$2,100,000Active4 beds 3 baths1,664 sq. ft.5187 Foothill Blvd, San Diego, CA 92109
MLS# CRNDP2601915Listed by: EXP REALTY OF SOUTHERN CA - New
$757,000Active2 beds 2 baths893 sq. ft.7975 Playmor Ter, San Diego, CA 92122
MLS# CRPTP2601532Listed by: DIAMOND REALTY - New
$1,025,000Active1 beds 2 baths1,259 sq. ft.645 Front St #1604, San Diego, CA 92101
MLS# 260004678SDListed by: COMPASS