4114 39th St - Apartments FOR SALE


San Diego, CA 92105
$2,199,000 USD
714-448-4699
4114 39th St, San Diego, CA for Sale
$2,199,000 USD
Apartments - FOR SALE
1/43
null | 5.82% Cap Rate

4114 39th St
San Diego, CA 92105


HIGHLIGHTS

  • Renovated in 2024
  • Garage parking
  • Fully fenced property
  • AC in all units
  • Laundry for all units

OVERVIEW

Fully renovated 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. 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.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$580 USD /SF

# OF UNITS

5

PRICE/UNIT

$439,800

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM 2-5

APN/PARCEL ID

447-352-21

ASK ABOUT THIS PROPERTY

Seth StruiksmaCompassMore Info
714-448-4699

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Seth StruiksmaCompassMore Info
714-448-4699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.