Active

3753 59 N 42nd Street

San Diego, CA 92105
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Bed 0

Bed

Bath 0

Bath

SqFt3,000

Sqft

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 : Residential Income

Price : $1,550,000

AD Id : 84977621

MLS Id : NDP2605803

Lot Size : 7,427 Sqft

Living Area Size : 3,000

Year Built : 1937

County : San Diego

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer
  • Cooling Features

    Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1937 Building Area Total: 3,000
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1705
  • Lot Size Source: Assessor Lot Size Square Feet: 7427

  • Listing Price Information

    Original List Price: 1,550,000 Listing Contract Date: 2026-06-15
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4716320800

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92105 - East San Diego Directions: contact list agent if you need assistance. Zoning: R4 - Buyer to verify Source Property Type: Residential Income Area: 92105 - East San Diego
  • Building and Construction

    Property Age: 89 Common Walls: 2+ Common Walls Year Built Source: Assessor Entry Level: 1 Entry Location: front and rear Property Attached: Yes
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Nearby Home Value

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5703 Michael, San Diego, CA, 92105 $749,900 3 2 1,000 1,000 SqFt
5610 Streamview Drive, San Diego, CA, 92105 $769,000 3 2 1,200 1,200 SqFt
5474 Streamview Dr, San Diego, CA, 92105 $700,000 4 2 1,116 1,116 SqFt
2003 BAYVIEW Hts Dr. #88, San Diego, CA, 92105 $224,000 2 -- 1,344 1,344 SqFt
2003 Bayview Heights Dr.., San Diego, CA, 92105 $250,000 4 2 1,344 1,344 SqFt
3133 54th St, San Diego, CA, 92105 $789,000 4 2 1,582 1,582 SqFt
5359 Redwood St, San Diego, CA, 92105 $819,000 5 2 1,822 1,822 SqFt
2003 Bayview Heights #S.., San Diego, CA, 92105 $340,000 3 2 1,503 1,503 SqFt
3854 50th Street, San Diego, CA, 92105 $2,250,000 -- -- 5,696 5,696 SqFt
4863 Polk Ave, San Diego, CA, 92105 $659,000 3 2 1,150 1,150 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/28/2026 @ 12:15

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

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