Property Details
About this Property
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
MLS Listing Information
MLS #
CRPTP2504831
MLS Source
California Regional MLS
Days on Site
24
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Sarah Newcomb
Real Broker
License #: 01900898
Phone: (619) 321-8393
Co-Listing Agent
Christopher Barron
License #: 02129949
Phone: (760) 694-7340
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4139 46th St is a Residential Income in San Diego, CA 92105. This – square foot property sits on a 6,251 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,600,000 and was built in 1978. This address can also be written as 4139 46th St, San Diego, CA 92105.
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This listing information is up-to-date as of June 30, 2025. For the most current information, please contact Sarah Newcomb, (619) 321-8393
