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1525 S 42nd St 2 Unit Apartment Building $765,000 ($382,500/Unit) San Diego, CA 92113
Investment Highlights
- Zoned CN-1-3. (Buyer to Verify)
- Located less than five miles from Downtown San Diego with access to I-5, the San Diego Trolley Blue Line, and Route 929 bus
- Unit mix includes a 2BR/1BA and a 1BR/1BAUnit mix includes a 2BR/1BA and a 1BR/1BA
Executive Summary
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.
Contact Ivan Del Muro-Garcia for offering details, idmg@lee-associates.com or 619.623.2132.
Property Facts
| Price | $765,000 | Building Class | C |
| Price Per Unit | $382,500 | Building Size | 1,254 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 2 | Year Built | 1943 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $765,000 |
| Price Per Unit | $382,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 1,254 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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1525 S 42nd St
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