42nd Street Flats

Property feature image
Address: 4022 42nd St, San Diego, CA 92105, USA
+ Apartment Buildings
Created date: September 15, 2026
Date last updated: September 15, 2026
Price: $3,100,000Investment Analyzer NEW!
  • 11 Multifamily Units
  • Unit Mix: 6 × 1BR/1BA and 5 × 2BR/1BA
  • Includes Two ADUs
  • Approximately 7,354 SF of Rentable Building Area
  • Approximately 7,021 SF Lot
  • Gated Property
  • On-Site Parking
  • Common Laundry Facilities
  • Diverse unit mix appealing to a broad tenant base
  • Central City Heights / Mid-City San Diego location
  • Convenient access to I-805, I-15, SR-94 and major employment centers
  • Strong long-term rental location within the San Diego multifamily market

Property Description

4022 42nd Street presents an opportunity to acquire an 11-unit multifamily property in San Diego’s City Heights neighborhood. The property features a well-balanced unit mix of six one-bedroom/one-bath units and five two-bedroom/one-bath units, including two ADUs, providing a desirable mix of unit sizes for the surrounding rental market.

The property contains approximately 7,354 rentable square feet on an approximately 7,021-square-foot lot and offers a number of features attractive to both residents and investors. The gated community includes on-site parking and common laundry facilities, while its central San Diego location provides convenient access to employment centers, shopping, dining, public transportation, and major freeways.

With 11 units, diversified unit configurations, and additional income-producing ADUs already incorporated into the property, 4022 42nd Street offers investors an opportunity to acquire a substantial multifamily asset in one of San Diego’s established urban rental neighborhoods.
Availabletick-green

Request Information

Letter of Intent

Submit LOI

Broker Details

Aaron Bove
Aaron Bove

Colliers 858-677-5319

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $3,100,000
No. of Units: 11
Cap Rate: 5.99%
GRM /GIM: 11.83
Year Built: 1969
Year Renovated: 2025
Building Size: 7,354 Sq ft
Lot Size: 7,021.00 Acres
No. of Stories: 2
APN: 471-441-17-00
Opportunity Zone: No
Price per unit: $281,818
Property Website Click Here
Address: 4022 42nd St, San Diego, CA 92105, USA

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

5024 Clarendon Road

5024 Clarendon Road

Brooklyn, New York
New York & Tri-State + Apartment Buildings
Units: 1
Price: $1,200,000
193 Harmony Drive

193 Harmony Drive

Johnstown, Pennsylvania
New York & Tri-State + Apartment Buildings
Price: $210,000
1001 N 9th St

1001 N 9th St

Phoenix, Arizona
Phoenix & Southwest + Apartment Buildings
Units: 8
Price: $1,225,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up