4534 39th Street, San Diego, CA 92116

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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,400,000

Est. payment - /mo

4 Beds

3 Baths

4,767 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PTP2501424

Bedrooms 4

HOA Y/N No

Lot Size 4,767 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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 925 sqft 2 Bed / 1 Bath front house, a 925 sqft 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!
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 925 sqft 2 Bed / 1 Bath front house, a 925 sqft 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!

Location

State CA

County San Diego

Area Normal Heights (92116)

Building

Lot Description Curbs

Story 2

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Maxwell Brown • Commercial Asset Advisors

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

4534 39th Street San Diego, CA 92116

Kevin Silverstein

Key Details

Location

Building

Others

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