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4338-40 39th Street

San Diego, CA 92105
  • $1,549,000
  • STATUS: ACTIVE
  • ON SITE: 37 Days
  • ID#: 210025981
UPDATED: 97 min ago
$1,549,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,150
    SQFT
  • $492
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

4338-40 39th St is a four unit property consisting of one 1,100 SF 3 bed/2 bath house in the front, three huge 650 SF 1 bed/1 bath units in the back, and four single car garages facing the alley. This property lies above El Cajon Blvd in the Normal Heights neighborhood of Central San Diego. The owner has just renovated one of the one bedroom units upstairs and has a tenant ready to rent the unit at $1800/mo. A new owner has the opportunity to also convert the four garages in the back into multiple ADU's for immediate upside in value and extra cash flow or demo the front structure and add 5 units in exchange for 1 affordable unit, or break up the large 3-bed into two units. The owner recently renovated the interiors in that front house a few years ago. The property has a new water heater, the front house has new copper piping, no issues with the roof or structure, and the main plumbing line was replaced with new ABS pipes.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/121365157
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4338-40 39th Street San Diego, CA 92105

  • Price: $1,549,000
  • Status: ACTIVE
  • Updated: 97 min ago
  • ID#: 210025981
6
Beds
4
Baths
0
½ Baths
N/A
Acres
3,150
SQFT
$492
$/SQFT
1980
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
East San Diego (92105)
Property Description
4338-40 39th St is a four unit property consisting of one 1,100 SF 3 bed/2 bath house in the front, three huge 650 SF 1 bed/1 bath units in the back, and four single car garages facing the alley. This property lies above El Cajon Blvd in the Normal Heights neighborhood of Central San Diego. The owner has just renovated one of the one bedroom units upstairs and has a tenant ready to rent the unit at $1800/mo. A new owner has the opportunity to also convert the four garages in the back into multiple ADU's for immediate upside in value and extra cash flow or demo the front structure and add 5 units in exchange for 1 affordable unit, or break up the large 3-bed into two units. The owner recently renovated the interiors in that front house a few years ago. The property has a new water heater, the front house has new copper piping, no issues with the roof or structure, and the main plumbing line was replaced with new ABS pipes.
Exterior Features

Exterior Stucco Fencing Cross Fencing Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Desc Unit3 Assigned Parking Garage Desc Unit4 Assigned Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Roof Composition Site Sidewalks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard Yes Units With Garages 4 Units With Patios 4

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 1 Heat Equipment Radiant Heat Source ElectricNatural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1 Water Heater Type ElectricGas

Property Features

Actual Cap Rate 3.75 Age Restrictions N/K Annual Expense Actual 14825 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Normal Heights Complex Features Bbq Complex Park Complex Cross Streets El Cajon Blvd Gross Rent Multiplier Actual 19.0 Gross Rent Multiplier Project 12.0 Gross Scheduled Income Actual 78964 Gross Scheduled Income Project 127200 Home Owners Assoc Fee Includes Water Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 2400 Projected Cap Rate 10.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 House Unit1 Deposit 600 Unit1 Occupied Tenant Unit1 Projected Rent 1800.0 Unit1 Rent Actual 1290.0 Unit2 Deposit 1800 Unit2 Occupied Tenant Unit2 Projected Rent 1800.0 Unit2 Rent Actual 0.0 Unit3 Deposit 600 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1290.0 Unit4 Deposit 2000 Unit4 Occupied Tenant Unit4 Projected Rent 3200 Unit4 Rent Actual 2100.0

Listing provided courtesy of Aaae Realty & Home Loans. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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516 5th Avenue
San Diego CA, 92101