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4022 42nd St 11 Unit Apartment Building $3,500,000 ($318,182/Unit) 6% Cap Rate San Diego, CA 92105
Investment Highlights
- On-Site Laundry
- 4 Well-Designed 1BR / 1BA Units
- Secure Gated Complex
- 5 Spacious 2BR / 1BA Units
- 2 Brand-New ADUs
- Professionally Renovated & Maintained
Executive Summary
Starker West is proud to present 4022 42nd Street, an upgraded turnkey 11-unit apartment community in a central San Diego location. The property offers immediate cash flow, long-term upside, and a stabilized, low-maintenance investment profile.
The unit mix includes five 2BR/1BA units, four 1BR/1BA units, and two brand-new ADUs with modern finishes and efficient layouts. The secure gated complex has been thoughtfully renovated and professionally maintained, with off-street parking, on-site laundry, and a private setting for residents.
With strong rental demand, quality improvements, and an attractive unit mix, 4022 42nd Street is a compelling opportunity for multifamily investors seeking a turnkey income-producing asset in San Diego.
The unit mix includes five 2BR/1BA units, four 1BR/1BA units, and two brand-new ADUs with modern finishes and efficient layouts. The secure gated complex has been thoughtfully renovated and professionally maintained, with off-street parking, on-site laundry, and a private setting for residents.
With strong rental demand, quality improvements, and an attractive unit mix, 4022 42nd Street is a compelling opportunity for multifamily investors seeking a turnkey income-producing asset in San Diego.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $318,182 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6% | Building Size | 7,354 SF |
| Gross Rent Multiplier | 11.4 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,500,000 |
| Price Per Unit | $318,182 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,354 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,995 | 350 |
| 1+1 | 4 | $2,081 | 550 |
| 2+1 | 5 | $2,408 | 825 |
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Exceptionally walkable
90/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 471-441-17 | Improvements Assessment | $946,764 |
| Land Assessment | $1,300,500 | Total Assessment | $2,247,264 |
Property Taxes
Parcel Number
471-441-17
Land Assessment
$1,300,500
Improvements Assessment
$946,764
Total Assessment
$2,247,264
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