$2,100,000
 $11,273 est/mo Sourced by Back At You

6742 48 Waterman,San Diego, CA 92111

San Diego, CA 92111

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Description

Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.

Details

MLS #PTP2608226
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site10
Listing Provided ByGene Bowman Realty | Christian Ballow

Features

SQ Feet3,667
Story(s)2
Units4
Building(s)2
ZoningR-1:Single Fam-Res
Acreage0.12

Interior

Heating Yes / NoNo
Cooling Yes / NoNo
Fireplace Yes / NoNo

Exterior

Lot FeaturesLevel

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Storm Drains, Sidewalks

Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92111
Area92111 Linda Vista
Listing VS Median (in 92111)
Price:
$2,100,000
low | high
Med:
$729,000
100% of Average
sqft:
3,667
low | high
Med:
1,092
100% of Average
$ / sqft:
$573
low | high
Med:
$668
33.427394034537% of Average
On site:
10
low | high
Med:
10
100% of Average
Sourced by Back At You

Market Activity 92111

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Additional Information

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountySan Diego
CitySan Diego
Zip Code92111
Area92111 Linda Vista
Listing VS Median (in 92111)
Price:
$2,100,000
low | high
Med:
$729,000
100% of Average
sqft:
3,667
low | high
Med:
1,092
100% of Average
$ / sqft:
$573
low | high
Med:
$668
33.427394034537% of Average
On site:
10
low | high
Med:
10
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.575M - $2.625M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
2915 Ulric Street Property Photo 1
$2,199,000
2915 Ulric Street
San Diego, CA 92111
Listing Updated: November 5, 2026 at 12:33:18 PM PST