Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with an attached 2-car garage and bonus room. The 2 bed could easily be turned into a 3 bed or turn the bonus room and garage into an 8th unit. Sky’s the limit. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential. Showings will be scheduled only upon an accepted offer. Please do not access the property or disturb the tenants
Property Details
Price:
$1,600,000
MLS #:
PTP2504831
Status:
Pending
Baths:
0
Type:
Residential Income
Neighborhood:
92105eastsandiego
Listed Date:
May 14, 2025
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1978
See this Listing
Schools
Interior
Laundry Features
Community
Exterior
Community Features
Curbs, Sidewalks
Parking Spots
2.00
Financial
Map
Community
- Address4139 46Th Street San Diego CA
- Neighborhood92105 – East San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92105
Subdivisions in San Diego
- Bay Park
- Bayside BS
- Bonita
- Bonsall
- BP
- Carmel Mountain Ranch
- Carmel Valley
- Casablanca CSB
- CAV
- CH
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- City Heights
- Civita CIVI
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- olive street
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- PL
- Point Loma
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- Promontory PROM
- Rancho Bernardo
- Rancho Pacifica 1 261701
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- South Sd
- Spinnaker Point SPINP
- Spring Valley
- Stonebridge 3700
- Talmadge
- The Cottages COTT
- Tierrasanta
- Torrey Highlands
- UC
- University City
- University Heights
Market Summary
Current real estate data for Residential Income in San Diego as of Oct 18, 2025
183
Residential Income Listed
169
Avg DOM
$1,825,537
Avg List Price
Property Summary
- 4139 46Th Street San Diego CA is a Residential Income for sale in San Diego, CA, 92105. It is listed for $1,600,000
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