CA > San Diego > North Park
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
San Diego, CA 92105,4114 39th St
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Jake Smoke

Jake Smoke

+1(760) 429-5533
$ 2,199,000
Est. payment | /mo

7,000 Sqft Lot

Save Video Tour
$ 2,199,000
Est. payment | /mo
Save Video Tour

7,000 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 240019756SD

HOA Y/N No

Year Built 1941

Lot Size 7,000 Sqft

Property Description

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.

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name 39th St Apartments

Zoning RM 2-5

Interior

Heating Natural Gas, Zoned

Cooling Zoned

Fireplace No

Appliance Gas Water Heater

Exterior

Pool None

Community Features Gated

View Y/N Yes

View None

Roof Type Composition

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4473522100

Security Features Gated Community

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

California Regional MLS (CRMLS)
Listed by Seth Struiksma • Compass
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 429-5533

jake@teamsmoke.us

2185 Faraday Ave, Carlsbad, CA, 92008, USA

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4114 39th St