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4041-4045 38th Street

San Diego, CA 92105
  • $1,499,000
  • STATUS: ACTIVE
  • ON SITE: 30 Days
  • ID#: 240021266
Price Reduced
$1,499,000
  • 7
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,350
    SQFT
  • $638
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Introducing a fully renovated 3-unit gem in the heart of Cherokee Point, perfectly positioned between North Park and Normal Heights! This exceptional property features three detached units, each boasting modern upgrades and incredible investment potential. The front house is a spacious 1,100 sq. ft., 3-bedroom, 2-bath beauty. The middle unit offers a comfortable 600 sq. ft. with 2 bedrooms and 1 bath, while the back unit is a charming 650 sq. ft., 2-bedroom, 1-bath retreat with alley access, complete with gated parking for up to 3 vehicles. All units have been meticulously updated with new roofs, cabinets, counters, bathrooms, appliances, plumbing, HVAC systems, and three tankless water heaters. The property also features fresh landscaping, new interior/exterior doors, updated driveways, and beautifully refinished flooring. An onsite laundry building with two stacked units adds convenience for tenants. With close proximity to the 15 and 805 freeways, walking distance to trendy eateries along University Avenue, and easy access to public transportation, this location is ideal for long-term tenants, traveling nurses, or Airbnb guests. The fenced private yard is perfect for children or pets, making this a versatile and desirable rental opportunity. Whether you're looking for a solid long-term investment or a property with strong Airbnb potential (Airbnb analysis available), this 3-unit masterpiece checks all the boxes. Don't miss out on this rare opportunity!

Monthly Payment Calculator

San Diego MLS logo 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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/154852978
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4041-4045 38th Street San Diego, CA 92105

  • Price: $1,499,000
  • Status: ACTIVE
  • On Site: 30 Days
  • ID#: 240021266
7
Beds
4
Baths
0
½ Baths
N/A
Acres
2,350
SQFT
$638
$/SQFT
1926
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
East San Diego (92105)
Property Description
Introducing a fully renovated 3-unit gem in the heart of Cherokee Point, perfectly positioned between North Park and Normal Heights! This exceptional property features three detached units, each boasting modern upgrades and incredible investment potential. The front house is a spacious 1,100 sq. ft., 3-bedroom, 2-bath beauty. The middle unit offers a comfortable 600 sq. ft. with 2 bedrooms and 1 bath, while the back unit is a charming 650 sq. ft., 2-bedroom, 1-bath retreat with alley access, complete with gated parking for up to 3 vehicles. All units have been meticulously updated with new roofs, cabinets, counters, bathrooms, appliances, plumbing, HVAC systems, and three tankless water heaters. The property also features fresh landscaping, new interior/exterior doors, updated driveways, and beautifully refinished flooring. An onsite laundry building with two stacked units adds convenience for tenants. With close proximity to the 15 and 805 freeways, walking distance to trendy eateries along University Avenue, and easy access to public transportation, this location is ideal for long-term tenants, traveling nurses, or Airbnb guests. The fenced private yard is perfect for children or pets, making this a versatile and desirable rental opportunity. Whether you're looking for a solid long-term investment or a property with strong Airbnb potential (Airbnb analysis available), this 3-unit masterpiece checks all the boxes. Don't miss out on this rare opportunity!
Exterior Features

Exterior Stucco Fencing FullGate Irrigation AutomaticSprinklers Parking For RV On-Site ParkingPotential Space Parking Non Garage Desc Unit1 Tandem Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 Tandem Pool N/K Roof Composition Site Alley AccessPublic StreetSidewalksStreet Paved Spa N/K Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Source Electric Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Tankless

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community NORMAL HEIGHTS Complex Features Gated CommunityLaundry Facilities Complex Park Normal Heights Cross Streets University Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close of Escrow Projected Cap Rate 0.0 Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Tenant Pays Cable TVElectricityGas/Propane Terms Cal VetCashConventionalFHAVA Unit Number For Unit1 4043 Unit Number For Unit2 4045 Unit Number For Unit3 4041 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 3600.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2600.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 2800 Unit3 Rent Actual 0.0 Water Meter on Property Water District CITY OF SAN DIEGO

San Diego MLS logo Listing provided courtesy of Brian Duarte of Millennial Realty Group: 619-759-1182. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106