San Diego, CA 92105 4139 46Th Street
$1,600,000
7 more
Presented By: Sarah Newcomb with Real Broker; 619-321-8393
- MLS# PTP2504233
- 06/06/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 4,544
Home Details
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.
Presented By: Sarah Newcomb with Real Broker; 619-321-8393
Interior Features for 4139 46Th Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
Other Rooms
Entry Level1
General for 4139 46Th Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate2.1
Carport Y/NNo
CitySan Diego
CountySan Diego
DirectionsGPS
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, PrivateFinancingAvailable
MLS Area92105 - East San Diego
MobileHomeRemainsYNNo
Net Operating Income71124.0
New ConstructionNo
Number Of Units Total7
Operating Expense4236.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense2400.0
Virtual TourClick here
Year Built1978
Year Built SourceAssessor
ZoningRM-1-1
Exterior for 4139 46Th Street
Building Area Total4544.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Area6251.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate