4170 37th Street, San Diego CA, 92105

Active

4170 37th Street

San Diego CA, 92105

$2,385,000

$393.43 per sqft

Active

6,062 sqft

Residential

Built in 1970

Listed by Maxwell Brown with Commercial Asset Advisors [email protected]

Commercial Asset Advisors is pleased to present the opportunity to acquire an attractive investment opportunity for a value-add 9-unit multifamily asset in the desirable, centrally located Cherokee Point neighborhood. The asset consists of six 1 Bed / 1 Bath and three 2 Bed / 1 Bath units on a 7,000 sqft lot. All tenants possess notably below-market rents and are on a month-to-month basis. The asset possesses a forecasted 7.33% Proforma Cap Rate post full renovation with installation of in-unit laundry. The building contains a 50 sqft laundry room contiguous to a 150 sqft storage room containing an existing bathroom with plumbing, gas supply, and electricity. A savvy investor may seek to convert this 200 sqft of plumbed and powered non-living square footage into an additional studio unit as an ADU or expand on the existing contiguous 1 Bed / 1 Bath unit to create a 2 Bed / 2 Bath unit for increased rent potential. The property passed SB721 deck inspections in 2023

PTP2405253

MLSⓇ ID

August 29, 2024

Listed

August 30, 2024

Updated

Map

4170 37th Street
San Diego CA, 92105

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: 36-40 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 92105 - East San Diego
Garage: No
Parking Total: 0
View: No
County: San Diego
Pool: No
Pool Features: None
Zoning: Multifamily

Listing Contact: 858-360-3000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/30/2024 at 1:28 AM UTC