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5-Unit Workforce Housing in Central San Diego 3753-3759 42nd St 5 Unit Apartment Building $1,750,000 ($350,000/Unit) San Diego, CA 92105
INVESTMENT HIGHLIGHTS
- Unit Mix: (1) 4+2, (1) 2+1, (1) 1+1, (2) Studio
- Tenants can walk to City Heights Park, the library, and the retail and dining options along University Ave.
- (2) Gated Parking Spaces in Rear
EXECUTIVE SUMMARY
3753-59 N 42ND ST, SAN DIEGO, CA 92105
Lee & Associates San Diego Multifamily Group, Eric von Bluecher and Ivan Del Muro-Garcia, are pleased to present 3753-59 N 42ND ST, SAN DIEGO, CA 92105, a 5-unit multifamily investment consisting of three buildings totaling approximately 3,000 square feet constructed in 1937 on a 7,427 square foot lot. The unit mix consists of (1) 4+2, (1) 2+1, (1) 1+1, (2) Studios and two gated parking spaces. Located in the Castle Neighborhood of San Diego, just west of Fairmount Ave. Tenants can walk to City Heights Park, the library, and the retail and dining options along University Avenue.
3753-59 N 42ND ST, SAN DIEGO, CA 92105 is included in a portfolio of seven, workforce housing, multifamily real estate investments totaling 39 units, located in South and Central San Diego County: Spring Valley, San Diego, Chula Vista and National City.
Visit the following address for more information on each property.
1313-19 E 9TH STREET, NATIONAL CITY, CA 91950 – 4 units
1121 E 6TH STREET, NATIONAL CITY, CA 91950 – 7 units
4154-58 ESTRELLA AVE, SAN DIEGO, CA 92105 - 6 units
9924-34 BUENA VISTA AVE, SPRING VALLEY, CA 91977 - 7 units
1704-12 B AVE, NATIONAL CITY, CA 91950 - 5 units
3753-59 N 42ND ST, SAN DIEGO, CA 92105 – 5 units
678 JEFFERSON AVE, CHULA VISTA, CA 91910 – 5 units
The offering can be sold together or separate.
Please do not walk on the property or talk to the tenants, ownership or management without Listing Agents approval.
Contact for more information:
Eric von Bluecher D 760.929.7846 or evb@lee-associates.com
Ivan Del Muro-Garcia D 760.448.2451 or idmg@lee-associates.com
Lee & Associates San Diego Multifamily Group, Eric von Bluecher and Ivan Del Muro-Garcia, are pleased to present 3753-59 N 42ND ST, SAN DIEGO, CA 92105, a 5-unit multifamily investment consisting of three buildings totaling approximately 3,000 square feet constructed in 1937 on a 7,427 square foot lot. The unit mix consists of (1) 4+2, (1) 2+1, (1) 1+1, (2) Studios and two gated parking spaces. Located in the Castle Neighborhood of San Diego, just west of Fairmount Ave. Tenants can walk to City Heights Park, the library, and the retail and dining options along University Avenue.
3753-59 N 42ND ST, SAN DIEGO, CA 92105 is included in a portfolio of seven, workforce housing, multifamily real estate investments totaling 39 units, located in South and Central San Diego County: Spring Valley, San Diego, Chula Vista and National City.
Visit the following address for more information on each property.
1313-19 E 9TH STREET, NATIONAL CITY, CA 91950 – 4 units
1121 E 6TH STREET, NATIONAL CITY, CA 91950 – 7 units
4154-58 ESTRELLA AVE, SAN DIEGO, CA 92105 - 6 units
9924-34 BUENA VISTA AVE, SPRING VALLEY, CA 91977 - 7 units
1704-12 B AVE, NATIONAL CITY, CA 91950 - 5 units
3753-59 N 42ND ST, SAN DIEGO, CA 92105 – 5 units
678 JEFFERSON AVE, CHULA VISTA, CA 91910 – 5 units
The offering can be sold together or separate.
Please do not walk on the property or talk to the tenants, ownership or management without Listing Agents approval.
Contact for more information:
Eric von Bluecher D 760.929.7846 or evb@lee-associates.com
Ivan Del Muro-Garcia D 760.448.2451 or idmg@lee-associates.com
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,504
|
$35.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,592
|
$18.86
|
| Net Operating Income |
$49,912
|
$16.64
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,504 |
| Annual Per SF | $35.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,592 |
| Annual Per SF | $18.86 |
| Net Operating Income | |
|---|---|
| Annual | $49,912 |
| Annual Per SF | $16.64 |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $350,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1937 |
| Apartment Style | Low-Rise | Parking Ratio | 0.67/1,000 SF |
| Zoning | R4 - Buyer to verify. | ||
| Price | $1,750,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R4 - Buyer to verify. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,543 | 300 |
| 1+1 | 1 | $1,320 | 500 |
| 2+1 | 1 | $1,700 | 900 |
| 4+2 | 1 | $2,999 | 1,200 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 471-632-08 | Improvements Assessment | $328,093 (2025) |
| Land Assessment | $754,613 (2025) | Total Assessment | $1,082,706 (2025) |
PROPERTY TAXES
Parcel Number
471-632-08
Land Assessment
$754,613 (2025)
Improvements Assessment
$328,093 (2025)
Total Assessment
$1,082,706 (2025)
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5-Unit Workforce Housing in Central San Diego | 3753-3759 42nd St
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