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3753 59 N 42nd Street

San Diego, CA 92105
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Bed 7

Bed

Bath 5

Bath

SqFt7,427

Sqft(Lot)

We're pleased to present Forty Second Street Apartments, a 5-unit multifamily investment opportunity located at 3753-3759 42nd Street in San Diego, California. Situated on an approximately 7,427 square foot lot, the property consists of three separate residential buildings totaling approximately 3,000 square feet and features a diverse unit mix of (1) four-bedroom/two-bath unit, (1) two-bedroom/one-bath unit, (1) one-bedroom/one-bath unit, and (2) studio units. Originally constructed in 1937, the property offers investors a unique blend of stable cash flow, strong rental demand, and significant value-add potential in the highly sought-after City Heights / Colina Del Sol submarket. The property benefits from separate gas and electric metering, helping reduce operating expenses and improve m anagement efficiency. Additional amenities include two gated parking spaces, a secure gated entry, a communal courtyard, and supplemental income generated through parking revenue. The property's diverse unit mix appeals to a broad tenant base, ranging from individual renters to larger households seeking affordable housing options within central San Diego. Ideally located in the heart of City Heights, the property provides convenient access to major employment centers, shopping, dining, schools, and public transportation. Residents benefit from close proximity to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, Kensington, and Balboa Park, making the location highly desirable for commuters and long-term tenants alike. The surrounding neighborhood continues to experience reinvestment and revitalization, supporting strong rental demand and long-term appreciation prospects. With three separate buildings, a favorable unit mix, utility efficiencies, gated parking, and demonstrated rental upside, Forty Second Street Apartments presents an attractive opportunity for investors seeking a centrally located San Diego asset with both immediate income and future growth potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, rental projections, and all other material aspects of the property.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 84977621

MLS Id : NDP2605803

Beds : 7

Lot Size : 7,427 Sqft

Year Built : 1937

County : San Diego

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Feature Features

  • Building Information

    Year Built: 1937
    Building Area Total: 3000
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7427 Lot Size Acres: 0.1705 Lot Size Source: Assessor Lot Size Square Feet: 7,427 Lot Description: RectangularLot

  • Listing Price Information

    Listing Price: $1250000
    Original Price: $1600000
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  • Tax Information

    Parcel Number: 4716320800 Tax Lot: 8-241

  • Location Information

    Direction: contact list agent if you need assistance.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3844 46 49th Street, San Diego, CA, 92105 $1,200,000 6 4 --
3327 3329 N 41st, San Diego, CA, 92105 $775,000 2 1 825 825 SqFt
4225 Central Avenue, San Diego, CA, 92105 $1,325,000 5 5 --
3327 3329 41st St, San Diego, CA, 92105 $775,000 3 2 --
3634 3636 Central Avenue, San Diego, CA, 92105 $870,000 4 3 --
4251 53 Pepper Dr, San Diego, CA, 92105 $938,000 4 2 --
5920 Streamview Dr, San Diego, CA, 92105 $1,695,000 8 4 --
5634 Michael St, San Diego, CA, 92105 $705,000 2 1 780 780 SqFt
3320 Spa St., San Diego, CA, 92105 $745,000 3 2 1,044 1,044 SqFt
5474 Streamview Dr, San Diego, CA, 92105 $700,000 4 2 1,116 1,116 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/13/2026 @ 15:05

MLS: NDP2605803 LISTED BY: Eric von Bluecher, Lee & Associates 760-929-9700 SOURCE: CRMLS

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