3546-3552 47th St, East San Diego, CA 92105

Property Description

NEW CONSTRUTION! just permitted in 2026. This four-unit complex is in San Diego's Fairmount Village. Enjoy very little maintenance! Every unit individually metered for water/electric/gas. Therefore, tenants pay all the utilities and landlord will have no utilities! Also, because this apartment complex is 4 Units you can get Conventional/FHA and VA loans. The desirable unit mix includes two 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Features of each unit include designer finishes, new dual-pane windows, in-unit laundry, and mini-split heating and cooling systems. New roofs on each building. New plumbing, electrical, flooring and all appliances. The front home enjoys a private yard, while rear residences feature balconies, decks, or outdoor spaces. Five alley-accessed off-street parking spaces provide a 1:1 parking ratio and add everyday convenience. Current scheduled rents total $11,700 per month ($140,400 annually), offering an opportunity to acquire an fully rented multifamily building. This is in one of the strongest San Diego rental markets. Convenient access to neighborhood shopping, transit, I-805, CA-94, and downtown San Diego. Total square footage for all the units is 3,170 and the lot is 6,465 square feet. Since all the units were built in 2026, they are EXEMPT from California AB 1482 rent control (please discuss with Attorney). NEW CONSTRUTION! just permitted in 2026. This four-unit complex is in San Diego's Fairmount Village. Enjoy very little maintenance! Every unit individually metered for water/electric/gas. Therefore, tenants pay all the utilities and landlord will have no utilities! Also, because this apartment complex is 4 Units you can get Conventional/FHA and VA loans. The desirable unit mix includes two 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Features of each unit include designer finishes, new dual-pane windows, in-unit laundry, and mini-split heating and cooling systems. New roofs on each building. New plumbing, electrical, flooring and all appliances. The front home enjoys a private yard, while rear residences feature balconies, decks, or outdoor spaces. Five alley-accessed off-street parking spaces provide a 1:1 parking ratio and add everyday convenience. Current scheduled rents total $11,700 per month ($140,400 annually), offering an opportunity to acquire an fully rented multifamily building. This is in one of the strongest San Diego rental markets. Convenient access to neighborhood shopping, transit, I-805, CA-94, and downtown San Diego. Total square footage for all the units is 3,170 and the lot is 6,465 square feet. Since all the units were built in 2026, they are EXEMPT from California AB 1482 rent control (please discuss with Attorney).