Back 4139 46th Street
Off Market

4139 46th Street

San Diego CA 92105

0.14 ac.
Multi-Family
Last sold for $1,420,000
Sarah NewcombSarah Newcomb, last sold this property on 26 August 2025 after 59 days on market.

Overview

Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with an attached 2-car garage and bonus room. The 2 bed could easily be turned into a 3 bed or turn the bonus room and garage into an 8th unit. Sky's the limit. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential. Showings will be scheduled only upon an accepted offer. Please do not access the property or disturb the tenants

Features

0.14 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in San Diego over the last 12 months, the estimated median property value of 4139 46th Street is $1.15m.

Median value
$1.15m
Estimated value range
$500k - $3.1m
Median days on market
36
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in San Diego. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4139 46th Street

2025
Sold
$1,420,000
26 Aug 2025 by Sarah Newcomb, of Real Broker

Happy sellers in San Diego

92%
92% of sellers in San Diego reported that their sale price either exceeded or met their price expectations.

San Diego stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in San Diego over the last 12 months.

Local market activity for multi families in San Diego

In the last 12 months, 29 multi families similar to 4139 46th Street, have been sold.

This represents a 7% increase in multi families sales when compared to the previous 12 months.

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