Renovated 11-Unit Apartment
For Sale
Contact for pricing
4022 42nd Street, San Diego, CA 92105
Gated residential property with updated interiors, on-site laundry, and off-street parking.
Property Size7,740 SF
Price / SF$400.52
Days on Market10
Property Features for 4022 42nd Street
General Information
Standard status
Active
Size
7,740 SF
Property subtype
Multifamily
Investment Type
Stabilized
Building Details
Year Built
1969
Year Renovated
2024
Buildings
1
Units
11
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - La Jolla, California
(858) 373-3237
Listed By:
Aaron Bove · License #CA 01318320
Source:
Crexi
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 1:37PM
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 Colliers - Los Angeles - La Jolla, California
Investment Insights
Based on property information with market context.
This 11-unit apartment property includes six one-bedroom, one-bath residences and five two-bedroom, one-bath residences. Two units are newly constructed ADUs with modern finishes and efficient layouts. The community has undergone renovations and includes gated access, off-street parking, on-site laundry facilities, and updated interiors. The building was constructed in 1969.
Located at 4022 42nd Street in San Diego’s Teralta West neighborhood, the property offers access to Downtown San Diego, North Park, City Heights, SDSU, public transportation, and major regional freeways. The existing unit mix combines one- and two-bedroom layouts within a private residential setting, while the reported 6% in-place cap rate provides an additional investment metric.
Located at 4022 42nd Street in San Diego’s Teralta West neighborhood, the property offers access to Downtown San Diego, North Park, City Heights, SDSU, public transportation, and major regional freeways. The existing unit mix combines one- and two-bedroom layouts within a private residential setting, while the reported 6% in-place cap rate provides an additional investment metric.
Key Highlights
- 11‑unit apartment property with six one‑bedroom and five two‑bedroom residences
- Two newly constructed ADUs with modern finishes
- Renovated property with gated access and updated interiors
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 | $278.6k | $36.00 |
| − Vacancy | −$15.3k | −$1.98 |
| EGI | $263.3k | $34.02 |
| − OpEx | −$118.5k | −$15.31 |
| NOI | $144.8k | $18.71 |
7,740 SF · lease $36.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,823 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.06M
$2.67M – $3.57M
NOI $213,996 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,890
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated residential property with updated interiors, on-site laundry, and off-street parking.
Where is this apartment building located?
The property is located at 4022 42nd Street San Diego, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 11‑unit apartment property with six one‑bedroom and five two‑bedroom residences; Two newly constructed ADUs with modern finishes; Renovated property with gated access and updated interiors
