$1,500,000
$1,395,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
4042 38th Street (-48) San Diego, CA 92105
8 Beds
4 Baths
806 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 806 sqft
Price per Sqft $1,861
Subdivision City Heights
MLS Listing ID 220004841
Bedrooms 8
Full Baths 4
Year Built 1943
Lot Size 7,000 Sqft
Property Description
Great investment opportunity, rarely on the market. All 4 UNITS have been upgraded, one block from North Park (Cherokee Point). This centrally located property comprised of 4 two (2) bedroom, one (1) bath units with onsite laundry and storage, has potential for rent increases. Tenants are all in one-year leases with only one receiving COVID support. Each unit on separate electric meters with separate master electric meter for outside lighting, laundry and security cameras. 54x139 lot with gated alley access provides plenty of parking. Close to eateries, banks, freeways, gas stations and stores. All new cabinets, SS appliances, flooring, AC units (tenant owned), washer/dryer in shared laundry room bringing in $75 to $100 per month.
Location
State CA
County San Diego
Community City Heights
Area East San Diego (92105)
Building/Complex Name 4 plex
Interior
Heating Natural Gas
Cooling Wall/Window
Exterior
Exterior Feature Wood/Stucco
Garage Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Full
Community Features Gated Community, Laundry Facilities, Pet Restrictions, RV/Boat Parking
Complex Features Gated Community, Laundry Facilities, Pet Restrictions, RV/Boat Parking
View City, Evening Lights
Roof Type Composition
Building
Lot Description Alley Access, Public Street, Sidewalks, Street Paved
Story 2
Sewer Sewer Connected
Water Meter on Property
Others
Acceptable Financing Cal Vet, Cash, Conventional, FHA, VA
Space Rent $1,750
Listing Terms Cal Vet, Cash, Conventional, FHA, VA
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Bought with Jake May • The Jake May Team, Inc.