4139 46th Street, San Diego, CA 92105

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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4139 46th Street,San Diego, CA 92105
$1,600,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,544 sq. ft.
  • Multi-family
  • Pending
Listed by:sarah newcomb
Office:real broker
MLS#:PTP2504831
Source:CRMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$352.11

About this home

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

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Home facts

  • Year built:1978
  • Listing Id #:PTP2504831
  • Added:48 day(s) ago
  • Updated:August 13, 2025 at 07:30 AM

Rooms and interior

  • Living area:4,544 sq. ft.

Structure and exterior

  • Year built:1978
  • Building area:4,544 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$352.11
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