Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Duplex

Bedrooms

2

Building size

1,254 sqft

Lot size

5,297 sqft

Year built

1940

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

68

MLS #

245577298

About this property

Detached two-unit duplex in San Diego's Shelltown neighborhood, offering a straightforward value-add opportunity for the right buyer. The property includes a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit on a 5,927 SF lot, zoned CN-1-3. Current income sits well below market rent, giving a new owner meaningful upside through rent growth alone, with no rezoning or redevelopment required. The site's zoning also suggests potential capacity for a third unit, subject to City verification of parking, setbacks, and other development standards, along with flexibility for small-scale, neighborhood-serving commercial use. Located less than five miles from Downtown San Diego, with easy access to I-5, the San Diego Trolley Blue Line, and the Route 929 bus. Detached two-unit product like this is increasingly hard to find in this corridor. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested parties. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, zoning, year built, and development potential.

Location

27 S 42nd Street

San Diego, San Diego, CA, 92113