4534 39th St - Multi-Family FOR SALE


San Diego, CA 92116- Normal Heights
$1,400,000 USD
925-872-6746
4534 39th St, San Diego, CA for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/16
null | 4.19% Cap Rate

4534 39th St
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • All Detached Units
  • Two Ideal Owner Occupant Houses
  • Private Yards and Parking for Houses
  • Desirable Normal Heights 92116 Location

OVERVIEW

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 Spanish Style 2 Bed / 1 Bath front house, a 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!

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$622 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

4.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM 1-1

APN/PARCEL ID

447-061-24

ASK ABOUT THIS PROPERTY

Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

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Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

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