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3845-57 41st Street

San Diego, CA 92105
  • $1,750,000
  • STATUS: ACTIVE
  • ON SITE: 171 Days
  • ID#: 240017479
UPDATED: 145 min ago
$1,750,000
  • 6
    BEDS
  • 0.32
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

3845-57 41st Street is a 10-unit apartment community consisting of multiple structures totaling 5,057 square feet built in 1925 on two parcels totaling 13,846 square feet of land. The diverse unit mix consists of one 3 Bedroom / 1 Bathroom, two 2 Bedroom / 1 Bathroom, six 1 Bedroom / 1 Bathroom and one Studio unit as well as four single car garages and surface parking in the rear. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.

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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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/153021493
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3845-57 41st Street San Diego, CA 92105

  • Price: $1,750,000
  • Status: ACTIVE
  • On Site: 171 Days
  • Updated: 145 min ago
  • ID#: 240017479
6
Beds
4
Baths
0
½ Baths
0.32
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
3845-57 41st Street is a 10-unit apartment community consisting of multiple structures totaling 5,057 square feet built in 1925 on two parcels totaling 13,846 square feet of land. The diverse unit mix consists of one 3 Bedroom / 1 Bathroom, two 2 Bedroom / 1 Bathroom, six 1 Bedroom / 1 Bathroom and one Studio unit as well as four single car garages and surface parking in the rear. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.
Exterior Features

Parking Spaces Total 12 Units With Garages 4

Interior Features

Sq Ft Of Improvement 5057

Property Features

Actual Cap Rate 5.73 Actual Gross Operating Income 166107 Actual Gross Scheduled Income 173028.0 Actual Operating Expense 65746 Actual Vacancy And Credit Loss 6921 Assumable Finance 0 Buildings 7 Gross Equity 1750000 Gross Multiplier 10.1 Have Units Leased Apartments 10 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 14419 Motive Want Sell Present Loan 0 Projected Cap Rate 9.21 Projected Gross Multiplier 7.4 Projected Gross Operating Inc 226944 Projected Gross Scheduled Inc 236400 Projected Net Income 161198 Projected Operating Expense 65746 Projected Vacancy And Credit Loss 9456 Short Sale No Unit Number1 1 Unit Number2 2 Unit Number3 6 Unit Number4 1 Unit Rent Total1 1777 Unit Rent Total2 3280 Unit Rent Total3 8322 Unit Rent Total4 1040 Unit Rent1 1777 Unit Rent2 1640 Unit Rent3 1387 Unit Rent4 1040

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. Listing information © 2025 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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516 5th Avenue
San Diego CA, 92101