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Listed by Eric von Bluecher, DRE #01926201 • Lee & Associates
$ 1,600,000
Est. payment | /mo
7,427 Sqft Lot
$ 1,600,000
Est. payment | /mo
7,427 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2605803
Year Built 1937
Lot Size 7,427 Sqft
Source California Regional MLS
Property Description
Lee & Associates Multifamily Group - North San Diego County is pleased to present Forty Second Street Apartments, a 5-unit multifamily investment opportunity located at 3753-3759 42nd Street in San Diego, California. Situated on an approximately 7,427 square foot lot, the property consists of three separate residential buildings totaling approximately 3,000 square feet and features a diverse unit mix of (1) four-bedroom/two-bath unit, (1) two-bedroom/one-bath unit, (1) one-bedroom/one-bath unit, and (2) studio units. Originally constructed in 1937, the property offers investors a unique blend of stable cash flow, strong rental demand, and significant value-add potential in the highly sought-after City Heights / Colina Del Sol submarket. The property benefits from separate gas and electric metering, helping reduce operating expenses and improve management efficiency. Additional amenities include two gated parking spaces, a secure gated entry, a communal courtyard, and supplemental income generated through parking revenue. The property's diverse unit mix appeals to a broad tenant base, ranging from individual renters to larger households seeking affordable housing options within central San Diego. Ideally located in the heart of City Heights, the property provides convenient access
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Laundry None
Exterior
Pool None
Others
Tax ID 4716320800
Special Listing Condition Not Applicable
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