31 47th St

About This Home

Incredible opportunity to own a well-maintained 3-unit property in the heart of San Diego, offering immediate income and future upside. The property consists of a 2BD/1BA, 1BD/1BA, and a studio, providing a versatile unit mix ideal for both investors and owner-occupants. Currently generating rental income with a projected cap rate of 6%+, this property also presents additional upside through rent increases and short-term rental (Airbnb) potential (buyer to verify). Perfect for a “house hack”—live in one unit while the others help offset your mortgage. The interiors have been updated with vinyl plank flooring, dual-pane windows, and mini-split A/C for year-round comfort, along with updated cabinetry, countertops, stainless steel appliances, and refreshed finishes throughout. Key systems have also been improved, including updated electrical and plumbing, offering added peace of mind. Each unit features separate electric metering and its own private, fenced outdoor space. Conveniently located near major freeways, shopping, dining, and public transportation, making it highly attractive to tenants. Opportunities like this are rare—whether you’re looking to grow your portfolio or secure a multi-unit property with income from day one, this is one you don’t want to miss.

Property Details