2041-2047 South 42nd Street

San Diego, CA 92113

$1,250,000
Price
Beds
3,068 Sq. Ft.
$407 / Sq. Ft.
3,068
Sq. Ft.
$407
per Sq. Ft.

Description

Xlnt turnkey 4 unit property. On site coin laundry with 2 washers and 2 dryers. Building is in great shape. Newer asphalt parking lot with 4 assigned spaces. All 2 bed 1 bath units with lots of space. All new ABS drain plumbing in walls and floors out to sewer. Newer kitchens and baths. All the work is done. Long term tenants in place. Full rent paid all through COVID. Section 8 for all 4 units. Easy maintenance. Tenants pay all utilities but water. Listing broker has seller interest in the property....Xlnt turnkey 4 unit property. On site coin laundry with 2 washers and 2 dryers. Building is in great shape. Newer asphalt parking lot with 4 assigned spaces. All 2 bed 1 bath units with lots of space. All new ABS drain plumbing in walls and floors out to sewer. Newer kitchens and baths. All the work is done. Long term tenants in place. Full rent paid all through COVID. Section 8 for all 4 units. Easy maintenance. Tenants pay all utilities but water. Listing broker has seller interest in the property. Do not approach or talk to the tenants.
  1. Listed by Mike Lynch • DRE #01247608 • Michael P. Lynch, Broker

Property Details for 2041-2047 South 42nd Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3068
Assessor Parcel Number
551-563-03-00
Property Attached YN
true

Location

Listing Courtesy of Michael P. Lynch, Broker, Mike Lynch, DRE #01247608
Add your commute
LISTING UPDATED: 03/27/2023 01:25 AM

Property Details for 2041-2047 South 42nd Street

StatusActive
MLS #NDP2211945
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.09 AC / 3,804 SF
CountySan Diego County

Location

Listing Courtesy of Michael P. Lynch, Broker, Mike Lynch, DRE #01247608
Add your commute

Building Information for 2041-2047 South 42nd Street

Stories-Residences-Year Built1958Building Size-Lot Size0.09 AC / 3,804 SF

Payment Calculator

$6,473 per month

30 year fixed, 6.73% Interest

Principal and Interest

$6,473

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2041-2047 South 42nd Street

Income / Expense / Tax Details
    Income Details
  • Gross Income: $81,900
  • Gross Scheduled Income: $81,900
  • Net Operating Income: $79,500
  • Cap Rate: 5.73
    Expense Details
  • Operating Expense: $2,400
  • New Taxes Expense: $6,568
  • Electric Expense: $0
  • Insurance Expense: $1,400
  • Trash Expense: $0
  • Water Sewer Expense: $3,300
  • Total Expenses: $11,268
    Tax / Assessment Info
  • Tax Tract Number: 1455
  • Tax Lot: 6568
Community / Development
    Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban
Property / Structure Info
    Exterior Features
  • Fence: No
  • Pool Features: None
  • Pool Description: None
    Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
    Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Carport Spaces: 0
Unit Information
    Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,625
  • Unit Type Total Rent: $1,625
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
    Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
    Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
    Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $1,675
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
    Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 2041-2047 South 42nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2041-2047 South 42nd Street

This home is within San Diego Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
RatingSchoolDistance
Balboa Elementary School
PublicK to 5

Knox Middle
Public6 to 8

Lincoln High School
Public9 to 12

San Diego Cooperative Charter School 2
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2041-2047 South 42nd Street is a multi-family home for sale in San Diego, CA 92113. This property was listed for sale on December 21, 2022 by Michael P. Lynch, Broker at $1,250,000. This listing's school district is San Diego Unified School District. Nearby schools include Balboa Elementary School, Knox Middle and Lincoln High School. 2041-2047 South 42nd Street is a 0-bed, 0-bath, 3,068 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Michael P. Lynch, Broker, Mike Lynch, DRE #01247608

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