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4114 46th St

8 Unit Block of Flats £1,056,308 (£132,038/Unit) San Diego, CA 92105

Executive Summary

Existing triplex with amazing development opportunity. Currently this property is set up as 3 separate units with garage. There are approved plans with stamped permits to add 4 ADU units and complete a garage conversion, for a total of 8 units. Great rental property potential, or live in the main house and rent out the other 7. This is not a "maybe you can do this" situation, it is already approved, comes with plans and permits.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £155,864 £73.00
Other Income - -
Vacancy Loss £4,676 £2.19
Effective Gross Income £151,188 £70.81
Taxes £13,145 £6.16
Operating Expenses £25,821 £12.09
Total Expenses £38,966 £18.25
Net Operating Income £112,222 £52.56

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £155,864
Annual Per SF £73.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £4,676
Annual Per SF £2.19
Effective Gross Income
Annual £151,188
Annual Per SF £70.81
Taxes
Annual £13,145
Annual Per SF £6.16
Operating Expenses
Annual £25,821
Annual Per SF £12.09
Total Expenses
Annual £38,966
Annual Per SF £18.25
Net Operating Income
Annual £112,222
Annual Per SF £52.56

Property Facts

Price £1,056,308
Price Per Unit £132,038
Sale Type Investment
Sale Conditions Development Sale
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.14 AC
Construction Status Proposed
Building Size 2,135 SF
Number of Floors 2
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Washer/Dryer

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 2 - 291
2+1 1 - 686
1+1 5 - 371 - 461
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-3 (ADU Allowance based on Transit Priority Area overlay.)
R-3 (ADU Allowance based on Transit Priority Area overlay.)
  • Listing ID: 33971033

  • Date on Market: 22/11/2024

  • Last Updated:

  • Address: 4114 46th St, San Diego, CA 92105

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