Skip To Content

1645-85 S 43rd Street

San Diego, CA 92113
  • $7,500,000
  • STATUS: ACTIVE
  • ON SITE: 23 Days
  • ID#: 250017249
$7,500,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present 1645 S 43rd Street, a 21-unit complex located in the Mountain View neighborhood of San Diego, CA. Constructed in 1988 on a 1.12-acre corner lot, the property is comprised of 5 separate buildings and features a highly desirable unit mix comprised of (12) 2-bedroom / 2-bathroom floorplans and (9) 2-bedrooms / 2-bathroom Townhomes all with dual master suites. Existing amenities include ample parking with 28 off street spaces and 20 single car garages, private fenced patios for 13 of the units, on-site laundry facilities with 8 washers and dryers, secured entrances, as well as individual water heaters for every unit. The site is prime for adding additional units with a significant portion of the lot underutilized as well as 20 single garages that can possibly be converted into ADUs. Mountain View is rich in cultural heritage, the asset is ideally located minutes from Downtown San Diego, a Tier-1 employment center. The property provides quick access to Interstate 5, 805, the 15 and 94 freeways and is located directly across the street from the Northgate Market, one of the only fresh produce retailers in the immediate area. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/161073460
Print Image

1645-85 S 43rd Street San Diego, CA 92113

  • Price: $7,500,000
  • Status: ACTIVE
  • On Site: 23 Days
  • ID#: 250017249
2
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Logan Heights (92113)
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Pleased to present 1645 S 43rd Street, a 21-unit complex located in the Mountain View neighborhood of San Diego, CA. Constructed in 1988 on a 1.12-acre corner lot, the property is comprised of 5 separate buildings and features a highly desirable unit mix comprised of (12) 2-bedroom / 2-bathroom floorplans and (9) 2-bedrooms / 2-bathroom Townhomes all with dual master suites. Existing amenities include ample parking with 28 off street spaces and 20 single car garages, private fenced patios for 13 of the units, on-site laundry facilities with 8 washers and dryers, secured entrances, as well as individual water heaters for every unit. The site is prime for adding additional units with a significant portion of the lot underutilized as well as 20 single garages that can possibly be converted into ADUs. Mountain View is rich in cultural heritage, the asset is ideally located minutes from Downtown San Diego, a Tier-1 employment center. The property provides quick access to Interstate 5, 805, the 15 and 94 freeways and is located directly across the street from the Northgate Market, one of the only fresh produce retailers in the immediate area. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods.
Interior Features

Sq Ft Of Improvement 19125

Property Features

Actual Cap Rate 4.57 Actual Gross Scheduled Income 559620.0 Actual Operating Expense 229640 Assumable Finance 0 Buildings 5 Gross Equity 7500000 Gross Multiplier 13.40 Have 21 Units Mandatory Remarks None Known Market Area Metro Central Motive Want To sell Unit Number1 21

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250017249-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250017249-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250017249-2.jpg
Logo
Keller Williams Realty La Jolla
7817 Ivanhoe Ave.
La Jolla CA, 92037