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3416 42nd

San Diego, CA 92105
  • $775,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: SB26085289
UPDATED: 39 min ago
$775,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)


Description

Excellent value-add investment opportunity! The property consists of two tenant-occupied units currently generating stable, average market rents, offering immediate income with future upside. The front residence is a renovated 2-bedroom, 1-bath home with a private backyard and dedicated driveway providing ample off-street parking. The rear unit is a modest studio situated toward the back of the lot, complemented by a spacious yard and convenient alley access—ideal for potential expansion or reconfiguration. Additional income potential is supported by a detached garage currently leased to the front unit. The layout and lot configuration provide flexibility for investors seeking to maximize returns through redevelopment, unit expansion, or ADU addition (buyer to verify all possibilities). An excellent opportunity for investors looking to acquire a performing asset with value-add potential and long-term growth.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T21:35:55.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/175763331
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3416 42nd San Diego, CA 92105

  • Price: $775,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 39 min ago
  • ID#: SB26085289
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1950
Built
Neighborhood:
City Heights
County:
San Diego
Area:
92105 - East San Diego
Property Description
Excellent value-add investment opportunity! The property consists of two tenant-occupied units currently generating stable, average market rents, offering immediate income with future upside. The front residence is a renovated 2-bedroom, 1-bath home with a private backyard and dedicated driveway providing ample off-street parking. The rear unit is a modest studio situated toward the back of the lot, complemented by a spacious yard and convenient alley access—ideal for potential expansion or reconfiguration. Additional income potential is supported by a detached garage currently leased to the front unit. The layout and lot configuration provide flexibility for investors seeking to maximize returns through redevelopment, unit expansion, or ADU addition (buyer to verify all possibilities). An excellent opportunity for investors looking to acquire a performing asset with value-add potential and long-term growth.
Exterior Features

Entry Level 1 Entry Location front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Features Driveway Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.79 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 46740 Gross Scheduled Income 46740 Insurance Expense 1210 Land Lease YN No Laundry Features Washer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 29352 New Construction YN No New Taxes Expense 9300 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 15986 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3306 Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 2782 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T21:35:55.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)