37
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$1,400,000
Est. payment /mo
4,765 Sqft Lot
New
4534 38 39th ST San Diego, CA 92116
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UPDATED:
02/25/2025 11:11 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2501424
HOA Y/N No
Year Built 1928
Lot Size 4,765 Sqft
Property Sub-Type Triplex
Property Description
Welcome to 4534-38 39th St in beautiful Normal Heights San Diego. The property consists of 3 completely detached buildings presenting an ideal unit mix of a 925 sqft 2 Bed / 1 Bath front house, a 925 sqft 2 Bed / 1.5 Bath two story rear house built in 2001, and a 400 sqft Studio ADU Cottage completed in 2021. Both front and rear houses have in-unit laundry, off-street parking for multiple cars, and private yards. The Studio ADU possess a small private yard. This multifaceted property can be purchased by a savvy owner occupier or an investor. An individual looking to purchase their own home may consider acquiring this building to live in one of the detached houses while simultaneously receiving passive income from the other two units. The property has solar panels with a lease in-place to reduce electricity costs. The property produces roughly $88,000 in gross scheduled annual income yielding roughly $57,500 net operating income after all expenses. An investor may elect to renovate the existing units to produce a forecasted $111,500 in full market rents. The property is priced to sell at $200 per sqft less than the comp set!
Location
State CA
County San Diego
Area 92116 - Normal Heights
Zoning RM 1-1
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs
View Y/N No
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4470612400
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Maxwell Brown • Commercial Asset Advisors • mbrown@caacre.com
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