
4139 46th St San Diego, CA 92105
Teralta East NeighborhoodEstimated payment $10,318/month
Highlights
- No HOA
- Level Lot
- No Heating
- Laundry Room
About This Home
Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with an attached 2-car garage and bonus room. The 2 bed could easily be turned into a 3 bed or turn the bonus room and garage into an 8th unit. Sky's the limit. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential. Showings will be scheduled only upon an accepted offer. Please do not access the property or disturb the tenants
Listing Agent
Real Broker Brokerage Phone: 619-321-8393 License #01900898 Listed on: 06/27/2025

Co-Listing Agent
Christopher Barron
Real Broker Brokerage Phone: 619-321-8393 License #02129949
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 6,251 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,544 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 08241
- Tax Tract Number 1354
- Assessor Parcel Number 4714011100
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $300
- Insurance Expense $3,500
- Trash Expense $2,400
- New Taxes Expense $20,400
- Operating Expense $39,300
- Gross Income $6,080
- Net Operating Income $71,124
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/05/2025 07/05/25 | Pending | -- | -- | -- |
06/27/2025 06/27/25 | For Sale | $1,600,000 | -- | $352 / Sq Ft |
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