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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,600,000

Est. payment - /mo

7 Beds

5 Baths

7,427 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2605803

Bedrooms 7

Lot Size 7,427 Sqft

Property Sub-Type Res Income 2-4 Units

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 to major employment centers, shopping, dining, schools, and public transportation. Residents benefit from close proximity to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, Kensington, and Balboa Park, making the location highly desirable for commuters and long-term t

Location

State CA

County San Diego

Zoning Assessor

Direction contact list agent if you need assistance.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4716320800

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Listed by Eric von Bluecher, DRE#01926201 Lee & Associates

Nearby School & Business

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

3753-59 N 42nd Street San Diego, CA 92105

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information