About this home

4140 48th Street, San Diego, CA presents a stabilized investment opportunity in the heart of the Colina del Sol neighborhood. This fully renovated multifamily asset, originally built in 1964, comprises 4 units featuring a rare, large-format mix of two 3-bedroom/2-bathroom and two 4-bedroom/2-bathroom configurations. The property encompasses 4,180 gross square feet on a 6,397 square foot parcel, offering significant density in a supply-constrained market. With a current purchase price of $1,995,000, the asset delivers immediate cash flow with a capitalization rate of 5.60% and a Gross Rent Multiplier of 13.0, metrics that reflect the premium quality of the recent turnkey renovations and the asset's operational efficiency.

Facts and features

Schools

• Ibarra Elementary School

  elementary · K-5 · 0.1 mi

  7

• Mann Middle School

  middle · 6-8 · 0.8 mi

  5

• Crawford High School

  high · 9-12 · 0.9 mi

  4

• Waldorf School Of San Diego

  elementary · PK-12 · 0.7 mi

• Euclid Elementary School

  elementary · K-5 · 0.1 mi

  8

• Fay Elementary School

  elementary · K-5 · 0.4 mi

  2

Price history

• Oct 13, 2026 · Listed$1,995,000
• Aug 8, 2026 · Listing Removed—
• Mar 31, 2026 · Listed$2,100,000
• Jul 2, 2025 · Listing Removed—
• Feb 6, 2025 · Listing Removed—
• Feb 4, 2025 · Listed$2,099,000
• Aug 15, 2024 · Relisted$2,095,000
• Aug 14, 2024 · Listing Removed—

Tax history

• 2025$19,161 tax · $1,515,403 assessed
• 2024$17,934 tax · $1,485,690 assessed
• 2023$17,538 tax · $1,428,000 assessed
• 2022$2,637 tax · $213,390 assessed
• 2021$2,620 tax · $209,207 assessed
• 2020$2,588 tax · $207,063 assessed
• 2019$2,543 tax · $203,004 assessed
• 2018$2,379 tax · $199,024 assessed

Home value

$2,385,000

• Collateral Analytics$2,385,000
• Quantarium$1,518,034

Where it is