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$799,000
3 Beds ⋅ 2 Baths ⋅ 260003705 MLS ⋅ - BLDG.
Great multi-family investment opportunity in San Diego. This property features two units: a 2-bedroom, 1-bath front unit and a 1-bedroom, 1-bath second unit. Ideal for investors or owner-occupants looking to generate rental income. Strong upside potential in a high-demand rental area. Investor special with excellent cash flow possibilities.

3549-51 42nd St, East San Diego

Listing courtesy of Listing Agent: Chino Torres (619-995-5891) from Listing Office: Equity California Real Estate.
$1,100,000
1 Beds ⋅ 1 Baths ⋅ PTP2600567 MLS
Three adjacent commercial/residential lots offered at $1.1M each. Properties are located at 4210 40th St, 42204222 40th St, and 4226 40th St. Rare opportunity with close proximity to public transportation. Ideal for investors and developers. Properties may be purchased together or individually. Parcels are located in a Complete Communities Housing Solutions (CCHS) Tier 3 zone with an extremely generous 6.5 FAR allowance. This high-capacity zoning allows a developer to build up to 6.5x the lot size, enabling significant multifamily or mixed-use potential. The site is also within a Transit Priority Area (TPA) and Parking Standards Transit Priority Area (PSTPA), allowing reduced or zero parking requirements. Zoning is CUPD-CU-2-4, supporting residential, mixed-use, and commercial uses. All parcels appear in the Citys Adequate Sites Inventory (ASI), confirming suitability for housing development. No flood, fire, coastal, or historic constraints. Located within the El Cajon Boulevard Business Improvement District with excellent transit access. Ideal for mid-rise infill housing or mixed-use development. Zoning and land-use details obtained from the City of San Diegos official Zoning and Parcel Information Portal (ZAPP) via www.sandiego.gov.. BUYERS TO INVESTIGATE ANY AND ALL ZONING REGULATIONS THEMSELVES. SELLERS AND AGENTS ARE NOT EXPERTS IN ZONING Three adjacent commercial/residential lots offered at $1.1M each. Properties are located at 4210 40th St, 42204222 40th St, and 4226 40th St. Rare opportunity with close proximity to public transportation. Ideal for investors and developers. Properties may be purchased together or individually. Parcels are located in a Complete Communities Housing Solutions (CCHS) Tier 3 zone with an extremely generous 6.5 FAR allowance. This high-capacity zoning allows a developer to build up to 6.5x the lot size, enabling significant multifamily or mixed-use potential. The site is also within a Transit Priority Area (TPA) and Parking Standards Transit Priority Area (PSTPA), allowing reduced or zero parking requirements. Zoning is CUPD-CU-2-4, supporting residential, mixed-use, and commercial uses. All parcels appear in the Citys Adequate Sites Inventory (ASI), confirming suitability for housing development. No flood, fire, coastal, or historic constraints. Located within the El Cajon Boulevard Business Improvement District with excellent transit access. Ideal for mid-rise infill housing or mixed-use development. Zoning and land-use details obtained from the City of San Diegos official Zoning and Parcel Information Portal (ZAPP) via www.sandiego.gov.. BUYERS TO INVESTIGATE ANY AND ALL ZONING REGULATIONS THEMSELVES. SELLERS AND AGENTS ARE NOT EXPERTS IN ZONING

4220-22 40th St, East San Diego

Listing courtesy of Listing Agent: Emerald Trejo (619-456-7802) from Listing Office: Bradstreet Investments.
$1,449,950
8 Beds ⋅ 4 Baths ⋅ 2601210 MLS ⋅ Lexington Park BLDG.
3964 Manzanita Drive offers a solid triplex investment opportunity in a centrally located San Diego neighborhood. This property features separate entrances and functional layouts, making it well suited for consistent rental income or an owner-occupant strategy with supplemental cash flow. Each unit includes comfortable living spaces, practical kitchens, and well-proportioned bedrooms, providing broad tenant appeal. Off-street parking and shared outdoor space add everyday convenience and enhance rentability. With proximity to shopping, dining, schools, and major commuter routes, the property benefits from strong rental demand in the surrounding area. An attractive option for investors seeking stable income with long-term upside, or for buyers looking to offset housing costs through rental revenue. PAID SOLAR PANEL AND COIN OPERATED LAUNDRY.

3964 Manzanita Dr, East San Diego

Listing courtesy of Listing Agent: Roxanne Govari (619-778-0577) from Listing Office: Pemberley Realty Inc..
$2,275,000
9 Beds ⋅ 9 Baths ⋅ 250042932 MLS
4062 49th Street is a 9-unit complex in City Heights with plenty of parking. The 5,190 square foot building built in 1968 is situated on a 5,739 square foot lot. There are nine 1 Bedroom / 1 Bathroom units. All units have been completely remodeled in 2025. There was a new roof installed as well as stucco repair, exterior repaint, new security doors, and water proofing of the balconies. All unit interiors feature new canned lighting, window coverings and vinyl plank flooring with new baseboards. All units have new appliances and electric wall heaters powered by new sub panels. Plumbing was replaced with copper and ABS as needed. The kitchens and bathrooms feature new cabinets, fixtures, hardware, and quartz countertops. There is an onsite laundry facility that has been expanded and has new machines. The property is located in City Heights, close to the transit and shopping off El Cajon Blvd.

4062 49th St, East San Diego

Listing courtesy of Listing Agent: Benn Vogelsang (415-250-4947) from Listing Office: NorthMarq Multifamily.
$2,950,000
250040445 MLS
PRICE DROPPED! Rare City Heights redevelopment site on busy El Cajon Blvd: ±12,250 SF lot with ±6,752 SF existing retail, all month-to-month. Complete Communities Tier 3 Overlay allows up to 6.5 FAR with no parking minimums. Preliminary plans submitted for 78 multifamily units over ±5,000 SF of ground-floor commercial. Ready to move into construction drawings and permits. Excellent 123’ frontage, Walk Score 93, Transit Score 56; strong covered-land play with income during planning. Asking $2,995,000 ($243/SF land). Do not disturb tenants.

4228 El Cajon Blvd, East San Diego

Listing courtesy of Listing Agent: Arby Eivazian (619-990-4436) from Listing Office: South Coast Commercial, Inc..
$4,000,000
250036659 MLS
Total 3 parcels: 4716221900, 4716221800, 4716221700. With plan of 64 units plus 4 existing units.

5055 University Ave Unit a1, East San Diego

Listing courtesy of Listing Agent: Kevin Nguyen (858-633-6263) from Listing Office: Real Estate eBroker, Inc..
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