4139 46Th Street
San Diego, CA, 92105
$1,600,000
Beds
0 Baths
SqFt
0.14 Acres
Add
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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
92105eastsandiego

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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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