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Listed by Sarah Newcomb • Real Broker
$ 1,600,000
Est. payment /mo
Pending
4139 46Th Street San Diego, CA 92105
4,544 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $352
MLS Listing ID CRPTP2504233
HOA Y/N No
Year Built 1978
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
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.
Location
State CA
County San Diego
Interior
Fireplace No
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