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48 Waterman

$2,100,000

Listed by Christian Ballow, Gene Bowman Realty · Christian@genebowman.com

48 WatermanSan Diego, CA 92111

MLS# PTP2608226 · 70 photos

Description

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.

Facts

Year built
1948
Lot size
5,300 sqft
Stories
2
County
San Diego
Listed
2026-11-05
Days on market
0
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Listings displayed by Navigators Real Estate Inc. dba Pinnacle Real Estate Group, CA DRE# 01918023. 2633 S Baldwin Ave., Arcadia, CA 91007.

Based on information from California Regional Multiple Listing Service, Inc. as of Nov 7, 2026, 1:07 PM PT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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