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:
Active
Baths:
0
Address:
4139 46Th Street
Type:
Residential Income
Neighborhood:
92105eastsandiego
City:
San Diego
Listed Date:
May 14, 2025
State:
CA
ZIP:
92105
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1978
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Schools
Interior
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
2.00
Lot Features
Level
Parking Spots
2.00
Pool Features
None
Stories Total
2
Financial
Association Fee
0.00
Map
Community
- Address4139 46Th Street San Diego CA
- Area92105 – East San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92105
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4139 46Th Street
San Diego, CA
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