CA > San Diego > North Park
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
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Theresa Walker

Theresa Walker

+1(858) 449-1101
$ 2,199,000
Est. payment | /mo

8 Beds

6 Baths

700 SqFt

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$ 2,199,000
Est. payment | /mo
Save Virtual Tour Video Tour

8 Beds

6 Baths

700 SqFt

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

San Diego Regional MLS (SDMLS)
Listed by Seth Struiksma • Compass
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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4114 39th St