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4139 46th Street San Diego, CA 92105
$1,600,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PTP2504831
List price is $1,600,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1978
0.14 acres
Lot size: 0.1435
County: San Diego
Zoning: R-4:MULTIPLE RESIDENTIAL
Lot description: Level
MLS area: 92105 - East San Diego

Last Updated: 6/27/2025

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This listing belongs to the 92105 - East San Diego MLS area

Lat/Long: 32.752132, -117.095209.
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Listing Agent: Sarah Newcomb
Co Listing Agent: Christopher Barron
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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