Exceptional opportunity to acquire a fully remodeled, income-producing 3 unit property blending historic charm with modern updates. Ideal for investors seeking stable in-place income or owner occupants looking to offset expenses. Upside potential. Large 6929sf lot. Units have been thoughtfully updated with high quality, custom finishes. Private yards and upstairs unit features views to Coronado. Turnkey condition, including newer plumbing, electrical and roof (last 10 years) and minisplit AC/heating in two of the units just added. This asset is fully tenant occupied providing immediate cash flow. Short term rental friendly area. Current rental income is $82,260. Zoned RM 3-7. 1 mile to downtown. Please do not disturb tenants Custom and vintage lighting in downstairs unit including built-ins and office closet in dining room area. All one touch with dimmers. Secure storage areas and sheds for units 2 and 3. Off street secure parking for back house. Street parking for front duplex. May be possible to add additional unit/units - buyer to verify
Listed by Lisa Bohlken
·
License #01889698
·
Keller Williams San Diego Metro
·
619-890-3945
Last updated April 30, 2026
·
Source: CRMLS #260008213SD
Listing Facts
TypeMulti-family
NeighborhoodCentral Park
Days on Prevu23
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/29/2026
Price Decreased
$1,149,000
04/08/2026
Listed by Keller Williams San Diego Metro
$1,189,000
Property Details for 48 L st
Exterior
Construction
Number Of Units Total: 3
Roof: Composition
Stories: 2
Stories Total: 2
Year Built: 1928
Measurements
Lot Features: Sprinkler System
Lot Size Acres: 0.15
Lot Size Area: 6,929
Lot Size Source: Assessor
Lot Size Square Feet: 6,929
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.8
Taxes
Parcel Number: 5453012300
Interior
Features
Appliances: Gas Water Heater, Tankless Water Heater
Spa: Yes
Other
Location
Subdivision Name: Logan Heights
Utilities
Equipment
Cooling: Zoned
Has Cooling: Yes
Heating: Natural Gas, See Remarks
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 48 L st.
How does 48 L st compare to other multi-family homes in Central Park?
This multi-family home is listed 18% below the average price for multi-family homes in Central Park and has been on the market for 36 less days than the typical home in this area.
48 L st is a -bedroom multi-family home for sale in San Diego CA 92102. On Prevu for 23 days at $1,149,000. This includes a recent price decrease of $40,000. This home is located in San Diego. The median listing price for multi-family homes in this area is $1,399,900. The home offers parking. View other multi-family home listings in San Diego.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.