About 3860 45th Street
5 Units in City Heights. This is the best-priced deal on the market, low $/Unit at only $209K/Unit with a strong in-place 6.32% Cap Rate and 10.44 GRM w/ upside. With many recent upgrades, this offering boasts a strong in-place cap rate with future upside my updating a couple of the units. The unit mix consists of a 2Bedroom/2Bathroom unit, a spacious detached 1Bedroom/1Bathroom house, two 1Bedroom/1Bathroom units that are in a stacked two-story structure in the middle of the property and a smaller 1Bedroom/1Bathroom unit in the rear of the property. ProForma Cap Rate: 7.34% and ProForma GRM: 9.36
Features of 3860 45th Street
| MLS® # | 260010557 |
|---|---|
| Price | $1,045,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 2,800 |
| Type | Residential Income |
| Sub-Type | Com-Res Income |
| Status | Closed |
Community Information
| Address | 3860 45th Street |
|---|---|
| Area | EAST SAN DIEGO (92105) |
| County | San Diego |
| State | CA |
| Zip Code | 92105 |
Amenities
| Amenities | Other/Remarks |
|---|---|
| Parking Spaces | 2 |
| Parking | Spaces |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Other/Remarks |
|---|---|
| Cooling | Other |
| Fireplace | Yes |
| # of Stories | 2 |
| Stories | 2 Story |
Exterior
| Roof | Composition |
|---|---|
| Construction | Remarks |
Additional Information
| Date Listed | May 1st, 2026 |
|---|---|
| Days on Market | 20 |
| Zoning | CUPD-CT-5- |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Apartment Realty Group (ARG) |
|---|