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  • 2985-87 54Th St

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

$1,498,000 Approx. USD 10 beds, 6 baths

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Photo of Hope Leitner

Hope Leitner, Hope Opens Doors REALTOR® - Sales Associate 858-808-1050 m
Lic#: 01874321
NRDS ID: 196547017
hope@cdhorn.com Text Me
Call My Cell
Lic#: 01874321
NRDS ID: 196547017
hope@cdhorn.com Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
Phone: 858-259-6400
Fax: 858-481-1483
 Del Mar 3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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Fax: 858-481-1483
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Listing Agent


Mark Revetta
Lic#: 01248164
Broker: Courtesy of OnQu Realty
Phone: 619-889-6275

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: PENDING
MLS# 260008464
List price is $1,498,000 Reduced by $50,000 on 4/21/2026
Price: $1,498,000
Beds: 10
Baths: 6 (6 full)
Built in 1951
1 story
0.14 acres
Subdivision: SAN DIEGO
County: San Diego
Zoning: R-3:RESTRI
Construction: Stucco,Wood
Heating description: Combination Heating
MLS area: Metro Uptown
Pets Allowed: Allowed w/Restrictions

Last Updated: 5/1/2026

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This listing belongs to the Metro Uptown MLS area

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Lat/Long: 32.736254, -117.079166.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Hope Leitner

Hope Leitner, Hope Opens Doors REALTOR® - Sales Associate 858-808-1050 m
Lic#: 01874321
NRDS ID: 196547017
hope@cdhorn.com Text Me
Call My Cell
Lic#: 01874321
NRDS ID: 196547017
hope@cdhorn.com
Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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