4022 42nd St - Apartments FOR SALE


San Diego, CA 92105- Teralta West
$3,100,000 USD
858-945-7094
4022 42nd St, San Diego, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/21
null | 5.99% Cap Rate

4022 42nd St
San Diego, CA 92105
Teralta West


HIGHLIGHTS

  • Attractive mix of six 1BD/1BA and five 2BD/1BA residences
  • Two newly constructed ADUs with modern finishes and efficient layouts
  • Updated kitchens featuring shaker-style cabinetry and stone countertops
  • Stainless steel appliances in renovated and newly constructed units
  • Open-concept living, dining, and kitchen areas in select residences
  • Off-street parking available for added resident convenience

OVERVIEW

Located in San Diego’s Teralta West neighborhood, 4022 42nd Street is a thoughtfully upgraded, 11-unit apartment community offering investors immediate cash flow, limited near-term capital requirements, and long-term appreciation potential. The property features a desirable unit mix of six one-bedroom/one-bathroom residences and five two-bedroom/one-bathroom residences, including two newly constructed ADUs that provide modern finishes, efficient layouts, and additional income diversification. Totaling approximately 7,354 square feet on a 7,021-square-foot lot, the secure, gated community has been professionally maintained and extensively improved. Renovated residences feature updated kitchens and bathrooms, white shaker-style cabinetry, stone countertops, stainless steel appliances, wood-style flooring, contemporary fixtures, and functional floor plans designed to appeal to a broad renter base. The newly constructed ADUs complement the existing improvements with abundant natural light and durable, low-maintenance finishes. Community amenities include off-street parking, on-site laundry facilities, controlled access, and a private residential setting. The combination of recent renovations, new construction, and efficient operations helps minimize near-term ownership responsibilities while supporting tenant retention and durable occupancy. Positioned near North Park, City Heights, Balboa Park, Downtown San Diego, San Diego State University, public transportation, and Interstate 15, the property provides convenient access to major employment centers, universities, dining, shopping, and recreation. With its diversified unit mix, turnkey condition, central infill location, and exposure to continued demand for attainable rental housing, 4022 42nd Street presents a compelling opportunity to acquire a stabilized multifamily asset with dependable current income and long-term growth potential.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

11

PRICE/UNIT

$281,818

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,021 SF

ZONING

-

APN/PARCEL ID

471-441-17

ASK ABOUT THIS PROPERTY

Aaron BoveColliersMore Info
858-945-7094

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Aaron BoveColliersMore Info
858-945-7094

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