42nd Street Flats

Highlights:

• Turnkey Investment
• Two Newly Built ADUs
• Diverse Unit Mix
• Efficient Floor Plans
• Off-Street Parking
• Gated Community
• Modern Finishes
• On-Site Laundry
• Central San Diego Location
• Regional Connectivity

Description:

42nd Street Flat
A Stabilized Turn-Key Investment in San Diego

Located in San Diego’s Teralta West neighborhood, 4022 42nd Street is an upgraded, 11-unit apartment community offering investors immediate cash flow and long-term appreciation potential. The property features an attractive unit mix of six one-bedroom/one-bathroom residences and five two-bedroom/one-bathroom residences, including two newly constructed ADUs with modern finishes and efficient layouts.

Totaling approximately 7,354 square feet on a 7,021-square-foot lot, the secure, gated community has been thoughtfully renovated and professionally maintained. Property amenities include off-street parking, on-site laundry facilities, updated interiors, and a private residential setting. The combination of recent improvements and limited near-term capital requirements provides a compelling, low-maintenance investment opportunity.

4022 42nd Street benefits from a central location with convenient access to Downtown San Diego, North Park, City Heights, SDSU, public transportation, and major regional freeways. Strong demand for attainable rental housing, combined with the property’s desirable unit mix and turnkey condition, positions the asset for durable occupancy and continued rental growth.

4022 42nd Street offers a thoughtfully improved residential environment designed to balance comfort, functionality, and broad renter appeal. The community features a desirable mix of one- and two-bedroom residences with efficient layouts and well-proportioned living spaces. Renovated interiors include updated kitchens and bathrooms, white shaker-style cabinetry, stone countertops, stainless steel appliances, wood-style flooring, and contemporary fixtures. Two newly constructed ADUs complement the existing residences with modern finishes, abundant natural light, and low-maintenance design.

The secure, gated community has been professionally maintained and provides residents with off-street parking, convenient on-site laundry facilities, and a private residential setting. Functional floor plans and quality improvements enhance everyday livability while helping minimize near-term capital requirements for ownership. Located in City Heights’ Teralta West neighborhood, the property offers convenient access to local shopping and dining, public transportation, Interstate 15, North Park, Balboa Park, Downtown San Diego, and San Diego State University, creating a compelling combination of modern comfort, central connectivity, and lasting rental appeal.

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