2041-2047 South 42nd Street

San Diego, CA 92113

$1,240,000
Last Sold Price
8
Beds
3,068 Sq. Ft.
$404 / Sq. Ft.
3,068
Sq. Ft.
$404
per Sq. Ft.

Description

Xlnt turnkey 4 unit property. On site coin laundry with 2 washers and 2 dryers. Building is in great shape. New roof 2023. 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. Leases all up Sept 1, 2023. Easy maintenance. Tenants pay all utilities but water. Listing...Xlnt turnkey 4 unit property. On site coin laundry with 2 washers and 2 dryers. Building is in great shape. New roof 2023. 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. Leases all up Sept 1, 2023. 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 • Brokerage DRE #01247608 • Michael P. Lynch, Broker • MBML71@gmail.com

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

Sold By Coldwell Banker West, Jesus Flores-Ruelas, DRE #01124362

Add your commute
LISTING UPDATED: 11/15/2023 08:55 AM

Property Details for 2041-2047 South 42nd Street

StatusClosed
MLS #NDP2211945
Days on Market110
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

Sold By Coldwell Banker West, Jesus Flores-Ruelas, DRE #01124362

Add your commute

Building Information for 2041-2047 South 42nd Street

Stories2Residences-Year Built1958Building Size-Lot Size0.09 AC / 3,804 SF

Payment Calculator

$6,767 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,767

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
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: front
  • 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
  • Parking Garage Spaces: 0
  • 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.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.