Active

4114 39th St

San Diego CA, 92105

$2,250,000


Active

Residential

Built in 1941

Listed by Seth Struiksma with Compass 714-448-4699

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.

240019756SD

MLS ID

August 21, 2024

Listed

September 14, 2024

Updated

Map

4114 39th St
San Diego CA, 92105

Interior Features

Total Stories

2


Appliances

Gas Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Zoned


Heating

Yes


Heating Description

Natural Gas, Zoned

Exterior/Building Features

Lot Size

0.16 Acres


Roof

Composition

Other Property Details

Area Name

92105 - East San Diego


Days on Market

24


Garage

No


Parking Total

0


View

Yes


View Description

None


County

San Diego


Pool

No


Pool Features

None


Zoning

RM 2-5

Listing History

Date

Event

Price

9/6/2024

Price change

$2,250,000

-3%

Listing Contact: 619-317-1875 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/14/2024 at 8:08 PM UTC

 

Powered byLuxury Presence