Five-Unit Apartment
3753-59 N 42nd Street San Diego, CA 92105
For Sale
Contact for pricing
Five-unit apartment property with separate residential buildings, gated entry, and gated parking on a secure communal courtyard.
Property Size3,000 SF
Lot Size0.17 Acres
Price / SF$533.33
Days on Market41
Property Features for 3753-59 N 42nd Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 929-9700
Listed By:
Eric Von Bluecher · License #01926201
Source:
Crexi
Added: Jun 15
Changed: Jul 23
Last Checked: Jul 24 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
Forty Second Street Apartments is a five-unit multifamily property made up of three separate residential buildings totaling approximately 3,000 square feet. The unit mix includes one four-bedroom/two-bath unit, one two-bedroom/one-bath unit, one one-bedroom/one-bath unit, and two studio units. Originally constructed in 1937, the property also features separate gas and electric metering.
On-site amenities include a secure gated entry, a communal courtyard, and two gated parking spaces that can support additional parking revenue. The property is located at 3753-3759 42nd Street in San Diego, California, within the City Heights / Colina Del Sol submarket, with convenient access to major employment centers, shopping, dining, schools, and public transportation.
The overall configuration offers a mix of studio through four-bedroom layouts, supported by individual metering and enclosed parking accommodations.
On-site amenities include a secure gated entry, a communal courtyard, and two gated parking spaces that can support additional parking revenue. The property is located at 3753-3759 42nd Street in San Diego, California, within the City Heights / Colina Del Sol submarket, with convenient access to major employment centers, shopping, dining, schools, and public transportation.
The overall configuration offers a mix of studio through four-bedroom layouts, supported by individual metering and enclosed parking accommodations.
Key Highlights
- 5‑unit multifamily property at 3753–3759 42nd Street, San Diego (City Heights / Colina Del Sol area)
- Approximately 7,427 SF lot with 3 separate residential buildings totaling approximately 3,000 SF
- Unit mix: (1) 4BD/2BA, (1) 2BD/1BA, (1) 1BD/1BA, and (2) studio units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $36.00 |
| − Vacancy | −$5.9k | −$1.98 |
| EGI | $102.1k | $34.02 |
| − OpEx | −$45.9k | −$15.31 |
| NOI | $56.1k | $18.71 |
3,000 SF · lease $36.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$801.9K
$701.7K – $935.6K
NOI $56,133 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit apartment property with separate residential buildings, gated entry, and gated parking on a secure communal courtyard.
Where is this apartment building located?
The property is located at 3753-59 N 42nd Street San Diego, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5‑unit multifamily property at 3753–3759 42nd Street, San Diego (City Heights / Colina Del Sol area); Approximately 7,427 SF lot with 3 separate residential buildings totaling approximately 3,000 SF; Unit mix: (1) 4BD/2BA, (1) 2BD/1BA, (1) 1BD/1BA, and (2) studio units
