4022 42nd St, San Diego, CA — $3,500,000 | SoCal Realty & Investments

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About this home

4022 42nd Street is an upgraded turnkey 11-unit apartment community located in a central San Diego neighborhood, offering immediate cash flow, long-term upside, and a stabilized, low-maintenance investment opportunity. The property features a diverse unit mix of five 2BR/1BA units, four 1BR/1BA units, and two brand-new ADUs with modern finishes and efficient layouts. The secure gated complex has been thoughtfully renovated and professionally maintained, with amenities including off-street parking, on-site laundry, and a private setting for residents. With strong rental demand, quality improvements, and an attractive unit mix, 4022 42nd Street presents a compelling opportunity for multifamily investors seeking a turnkey income-producing asset in San Diego.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$2,160,000 · Oct 2022

📋 Assessed value$2,292,209

💵 Annual tax$28,185

🏫 School districtSan Diego City Unified School District

MLS #260014743SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$21,927

Principal & interest$17,698

Property tax$3,208

Home insurance$1,021

Down payment: $700,000Loan: $2,800,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.