6742 48 Waterman, San Diego, CA — listing photo 1
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FOR SALENew Listing

6742 48 Waterman

San Diego, CA 92111
5,300 Lot Sq Ft
Built 1948
$2,100,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1948
Lot size
5,300 sq ft
Parking
5 spaces
Stories
2
Days on market
0
MLS status
Active
Zoning
R-1:Single Fam-Res

Features & Amenities

Pool

  • None

Lot

  • Level

Community, Schools & Utilities

Utilities

Sewer
PublicSewer
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Location & Neighborhood

6742 48 Waterman

San Diego, CA 92111

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Frequently Asked Questions About 6742 48 Waterman

Property type: Residential Income

The current asking price is $2,100,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 6742 48 Waterman. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1948. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Diego, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Diego property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Christian Ballow
MLS ID: 814023

Available property

$2,100,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.