$ 1,420,000 $ 1,600,000 11.3%

4139 46Th ST

San Diego, CA 92105

  • 1978 Year Built
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. 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.
Listed by Sarah Newcomb of Real Broker , Sold By Sarah Newcomb of Real Broker

PROPERTY DETAIL

  • Key Details

    Sold Price $1,420,00011.3%

    Property Type Commercial

    Sub Type Multi Family

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID PTP2504233

    Sold Date 08/26/25

    HOA Y/N No

    Year Built 1978

    Property Sub-Type Multi Family

  • Location

    State CA

    County San Diego

    Area 92105 - East San Diego

    Zoning RM-1-1

  • Building

    Lot Description Street Level

    Story 2

  • Interior

    Fireplace No

  • Others

    Tax ID 4714011100

    Acceptable Financing Cash, Conventional, Private Financing Available

    Listing Terms Cash, Conventional, Private Financing Available

    Special Listing Condition Standard

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CONTACT

Sarah Newcomb
Sarah Newcomb

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