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

4139 46Th ST

San Diego, CA 92105

  • 6,250 Lot Size
  • 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. 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
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 Single Family Home

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID PTP2504831

    Sold Date 08/26/25

    HOA Y/N No

    Year Built 1978

    Lot Size 6,250 Sqft

  • Location

    State CA

    County San Diego

    Area 92105 - East San Diego

    Zoning R-4:MULTIPLE RESIDENTIAL

  • Building

    Lot Description Level

    Story 2

  • Interior

    Fireplace No

    Laundry Common Area

  • Exterior

    Garage Spaces 2.0

    Garage Description 2.0

    Pool None

    Community Features Curbs, Sidewalks

    View Y/N No

    Total Parking Spaces 2

    Private Pool No

  • Others

    Senior Community No

    Tax ID 4714011100

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition Standard

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CONTACT

Sarah Newcomb
Sarah Newcomb

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