1525 S 42nd St - Apartments FOR SALE


San Diego, CA 92113- Southcrest
$765,000 USD
619-623-2132
1525 S 42nd St, San Diego, CA for Sale
$765,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1525 S 42nd St
San Diego, CA 92113
Southcrest


HIGHLIGHTS

  • Zoned CN-1-3. (Buyer to Verify)
  • Unit mix includes a 2BR/1BA and a 1BR/1BAUnit mix includes a 2BR/1BA and a 1BR/1BA
  • Located less than five miles from Downtown San Diego with access to I-5, the San Diego Trolley Blue Line, and Route 929 bus

OVERVIEW

Detached two-unit duplex in San Diego's Shelltown submarket, zoned CN-1-3. Unit mix includes a 2BR/1BA and a 1BR/1BA on a 5,927 SF lot. Current gross income sits well below estimated market rent, offering value-add upside through rent growth alone. The zone's base density standard suggests possible capacity for a third unit, subject to City verification of parking, setbacks, and other development standards. CN-1-3 also permits small-scale, neighborhood-serving commercial uses, adding long-term flexibility. Located less than five miles from Downtown San Diego with access to I-5, the San Diego Trolley Blue Line, and Route 929 bus. Buyer to independently verify all information including square footage, zoning, income, and development potential. Contact Ivan Del Muro-Garcia for offering details, idmg@lee-associates.com or 619.623.2132.

FOR SALE DETAILS

PRICE

$765,000 USD

PRICE/SF

$610 USD /SF

# OF UNITS

2

PRICE/UNIT

$382,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

551-330-18-00

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

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Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.