4114 39th St Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92105
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $3,141
Subdivision North Park
MLS Listing ID 240019756
Bedrooms 8
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1941
Lot Size 7,000 Sqft
Property Description
Fully renovated and leased out 5-Unit property in Cherokee Point. 3 detached craftsman cottages and 2-story Duplex in the back (5 units total). Community is fully landscaped with outdoor spaces, dog run, auto sprinklers to keep it looking great and a block wall privacy and security gate. All three detached cottages are 2 bd/1ba with private patio/yards and laundry hookups. There are 4 single car garages that can be converted into 2 additional 1bd/1ba units. PLUS a great common space for each unit to have as their own outdoor seating or entertaining area. Inside the cottages have been totally renovated with new kitchens cabinets and countertops, sinks, new appliances, new flooring, new lighting, new flooring, fresh paint, and AC & heat system. The duplex consists of (2) 1bd/1ba units also completely renovated and share a common laundry room downstairs. Fully gated & safe community with privacy from the neighbors with mature tall trees. Less than one block to park and school. This property has tons of opportunity to live in a unit and rent out the rest or for multigenerational living. Units are fully released out with 12 month contracts at market rates making its easy for an investor to start earning cash flow immediately. Property selling at 5.86% cap rate with current expenses and sales price. A feasibility study was conducted showing the cost and timeline for the garage conversions. Also the property is located in a TPA zone allowing you to build up to 16 additional units on the property. The feasibility study shows that information as well.
Location
State CA
County San Diego
Community North Park
Area East San Diego (92105)
Building/Complex Name 39th St Apartments
Zoning RM 2-5
Interior
Heating Natural Gas
Cooling Zoned Area(s)
Appliance Zoned Areas
Exterior
Exterior Feature Wood/Stucco
Garage Unit1:Assigned,Attached Unit2:Assigned,Attached Unit3:Assigned,Attached Unit4:Assigned,Attached
Garage Spaces 4.0
Fence Full
Community Features Gated Community,Laundry Facilities,Recreation Area
Complex Features Gated Community,Laundry Facilities,Recreation Area
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Miscellaneous Dog Run
Acceptable Financing Cash,Conventional,FHA,VA
Space Rent $2,995
Listing Terms Cash,Conventional,FHA,VA