4114 39th St
San Diego, CA 92105
- – beds
- – baths
- – sqft
- 7,000 sqft lot
- 1941 build
- – on site
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.
Last checked:
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Last updated Nov 4, 2024
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MLS# 240019756SD —
The Building
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Year Built:1941
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Roof:Composition
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Number With Patio:3
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# of Buildings:4
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Total Number Of Units:5
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:CrossStreet: El Cajon
The Property
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Property Type:Residential Income
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Zoning:RM 2-5
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Lot Size Area:7000.0000
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Lot Size Acres:0.1607
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Lot Size SqFt:7000.00
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Lot Size Source:Assessor
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View:1
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View:None
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:4473522100
Heating & Cooling
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Heating:1
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Heating:Natural Gas, Zoned
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Cooling:Yes
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Cooling:Zoned
Appliances
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Appliances:Gas Water Heater
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Included:Yes
The Community
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Subdivision:North Park
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Subdivision:North Park
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Senior Community:No
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Neighborhood:Cherokee Point
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Park Name:39th St Apartments
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Pool:None
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Private Pool:No
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Spa:1
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Spa Features:None
Extra Units
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Number With Refrigerator:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/4/24
Oct 4, 2024
|
Price Changed | CRMLS_CA | $2,199,000 | -2.3% |
|
9/6/24
Sep 6, 2024
|
Price Changed | CRMLS_CA | $2,250,000 | -2.2% |
|
8/21/24
Aug 21, 2024
|
Listed / Active | CRMLS_CA | $2,300,000 |
