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4022 42Nd St

San Diego, CA 92105
  • $3,765,000
  • STATUS: ACTIVE
  • ON SITE: 69 Days
  • ID#: 250026105
UPDATED: 16 min ago
$3,765,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are proud to present 4022 42nd Street — an upgraded, turnkey 11-unit apartment community offering immediate cash flow and long-term upside in a central San Diego location. This secure, gated complex has been thoughtfully renovated and professionally maintained, making it an ideal option for investors seeking a low maintenance, stabilized asset in a strong rental market. The unit mix includes five spacious 2-bedroom / 1-bathroom units, four well-designed 1-bedroom / 1-bathroom units, and two brand-new ADUs with efficient layouts and modern finishes. Residents enjoy access to convenient off-street parking, on-site laundry, and a secure, private setting. With a strong unit mix, quality renovations, and solid rental demand, 4022 42nd Street presents a compelling opportunity for multifamily investors looking to expand their portfolio with a turn-key, income producing property in a high-demand area.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.mercergrouprealestate.com/homes/163192050
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4022 42Nd St San Diego, CA 92105

  • Price: $3,765,000
  • Status: ACTIVE
  • On Site: 69 Days
  • Updated: 16 min ago
  • ID#: 250026105
0
Beds
1
Baths
0
½ Baths
0.16
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
We are proud to present 4022 42nd Street — an upgraded, turnkey 11-unit apartment community offering immediate cash flow and long-term upside in a central San Diego location. This secure, gated complex has been thoughtfully renovated and professionally maintained, making it an ideal option for investors seeking a low maintenance, stabilized asset in a strong rental market. The unit mix includes five spacious 2-bedroom / 1-bathroom units, four well-designed 1-bedroom / 1-bathroom units, and two brand-new ADUs with efficient layouts and modern finishes. Residents enjoy access to convenient off-street parking, on-site laundry, and a secure, private setting. With a strong unit mix, quality renovations, and solid rental demand, 4022 42nd Street presents a compelling opportunity for multifamily investors looking to expand their portfolio with a turn-key, income producing property in a high-demand area.
Interior Features

Sq Ft Of Improvement 7354

Property Features

Actual Cap Rate 5.7 Actual Gross Scheduled Income 307847.0 Actual Operating Expense $85082 Assumable Finance 0 Buildings 1 Gross Equity 307847 Gross Multiplier 12.2 Have 11 units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 25654 Motive Want $$ Projected Cap Rate 6.0 Projected Gross Multiplier 11.7 Projected Gross Scheduled Inc $321059 Special None Unit Number1 2 Unit Rent Total1 3990 Unit Rent1 1995 Zoning COMMERCIAL

San Diego MLS logo Listing provided courtesy of Adam Cairo of Starker West, Inc.: 619-300-0173. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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4071 Adams Avenue
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