$3,150,000

4218 46th St San Diego, CA 92115

Teralta East Neighborhood

Estimated payment $19,785/month

Total Views 12
1 Bed
2 Baths
8,950 Sq Ft
$352 Price per Sq Ft

About This Home

Rare opportunity for a strong cash flowing asset with upside. Brand new 2025 roof and owned solar system. Solar managed by Ivy Energy to the owner's benefit of $12,500 per year. Two units with updates to quartz counters, shaker cabinets, and LVP flooring. Other units to benefit from updates and rent increases. Site has secured gates and security cameras. On-site leased laundry equipment. Each unit has wall AC. Professionally managed by MV Properties, with a reliable, long-time on-site manager.

Listing Agent

Keegan McNamara

Folio Real Estate License #01853692 Listed on: 09/18/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • Wood Fence
  • Landscaped

Parking

  • Parking Available

Home Design

  • Composition Roof

Interior Spaces

  • 8,950 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

Overview

  • 14 Units

Building Details

  • 13 Leased Units
  • Operating Expense $100,744

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 5.38
  • Co List Office Mls Id: 991975
  • Directions: El Cajon Blve to 46th Street.
  • Structure Type: Apartment
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 1

Exterior Features

  • Roof: Composition
  • Construction Type: Cable Available, Fully Landscaped, Solar Owned, Wood Fence

Garage/Parking

  • Parking Features: Spaces

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Laundry Features: Leased

Lot Info

  • Zoning: R-4:MULTIP
  • Lot Size Sq Ft: 6258.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 14
  • Annual Operating Expense: 100744.0
  • Total Actual Rent: 21907.0

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2025 09/18/25 For Sale $3,150,000 -- $352 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250039354

San Diego MLS

APN: 471-302-13-00

California San Diego County San Diego 92115 Teralta East

4218 46th St, San Diego, CA

This home is located at 4218 46th St, San Diego, CA 92115 and is currently priced at $3,150,000, approximately $351 per square foot. 4218 46th St is a home located in San Diego County with nearby schools including Euclid Elementary School, Clark Middle School, and Herbert Hoover High School.

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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, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
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Keegan McNamara
Listing Agent
Keegan McNamara
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Folio Real Estate
(858) 735-6096