4022 42nd Street , San Diego, CA 92105
Offer Price:
$3,100,000
Cap Rate:
5.99%
Price/SF:
$545.15
Price/Unit:
$281,818
Gross Building Area:
7,740 SF
Lot Size:
0.16 Acres
Status:
Active
Submarket:
Central
Property Type:
Apartments
Strategy:
Core
4022 42nd Street presents an opportunity to acquire an 11-unit multifamily property in San Diego’s City Heights neighborhood. The property features a balanced unit mix of six one-bedroom/one-bath units and five two-bedroom/one-bath units, including two ADUs.
Totaling approximately 7,354 rentable square feet on a 7,021-square-foot lot, the gated property offers on-site parking and a shared laundry facility. Its central location provides residents with convenient access to neighborhood shopping, dining, public transportation and major employment centers throughout San Diego.
With a desirable mix of one- and two-bedroom floor plans, 4022 42nd Street offers investors immediate scale and long-term potential in one of San Diego’s most centrally located rental markets.
Listed By:
Aaron Bove
Executive Vice President | San Diego Region
aaron.bove@colliers.com
CA Lic. 01318320
Direct: +1 858 677 5319 | Mobile: +1 858 945 7094
12780 High Bluff Drive | San Diego, CA 92130