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Investment Highlights

  • Two Detached 2BR / 1BA Units Rare duplex configuration offering strong tenant privacy and broad appeal to both investors and owner-occupants.
  • Private Fenced Outdoor Areas Each unit includes its own small yard, enhancing livability and tenant retention.
  • Three Off-Street Parking Spaces Valuable parking ratio for the submarket, improving tenant demand and functionality.
  • Extensive Recent Renovations Front unit upgraded with new roof, siding, insulation, flooring, and fully remodeled kitchen; both units feature updated
  • In-Unit Washer & Dryer Hookups (Front Unit) Desirable amenity that supports higher rents and increased tenant convenience.
  • Central City Heights Location Near El Cajon Blvd Strong rental demand area with close proximity to North Park, transit corridors, retail, and major em

Executive Summary

The property consists of two detached (2 separate houses), both 2-bedroom, 1-bath residential units situated on a centrally located lot in the City Heights neighborhood of San Diego. Each unit features efficient floor plans designed for practical living.
The front unit includes in-unit washer and dryer hookups, while both units benefit from updated interiors, including renovated kitchens, modern appliances, and dual-pane windows. The front unit has also been extensively improved with new flooring, siding, roof, and insulation.
The houses offer fenced private yard areas for each unit, enhancing tenant appeal. The property also provides three off-street parking spaces, a valuable amenity in this urban submarket.
City Heights is a centrally located San Diego neighborhood known for its diverse housing stock, walkability, and proximity to major employment and lifestyle hubs including North Park, Normal Heights, and Downtown San Diego. The area benefits from strong rental demand driven by convenient access to Interstate 15 and Highway 94, as well as nearby retail and dining along El Cajon Boulevard and University Avenue.
Need to close AFTER June 24th 2026 --- Do not disturb tenants. --- Buyer to verify all. --- OM will be ready next week.

Property Facts

Price $1,050,000
Price Per Unit $525,000
Sale Type Investment
Cap Rate 1%
Gross Rent Multiplier 43
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Building Size 1,324 SF
Average Occupancy 50%
No. Stories 1
Year Built/Renovated 1959/2026
Parking Ratio 2.27/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Cable Ready
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Refrigerator
  • Tub/Shower
  • Attic
  • Deck
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Freezer
  • Lawn
  • Vinyl Flooring

Site Amenities

  • Gas Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $2,600 724
2+1 1 $2,000 600
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
  • Listing ID: 40110980

  • Date on Market: 4/10/2026

  • Last Updated:

  • Address: 4236 1/2 41st St, San Diego, CA 92105

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