4170 37th Street
San Diego, CA 92105
- – beds
- – baths
- – sqft
- 7,000 sqft lot
- 1970 build
- – on site
More homes
Commercial Asset Advisors is pleased to present the opportunity to acquire an attractive investment opportunity for a value-add 9-unit multifamily asset in the desirable, centrally located Cherokee Point neighborhood. The asset consists of six 1 Bed / 1 Bath and three 2 Bed / 1 Bath units on a 7,000 sqft lot. All tenants possess notably below-market rents and are on a month-to-month basis. The asset possesses a forecasted 7.33% Proforma Cap Rate post full renovation with installation of in-unit laundry. The building contains a 50 sqft laundry room contiguous to a 150 sqft storage room containing an existing bathroom with plumbing, gas supply, and electricity. A savvy investor may seek to convert this 200 sqft of plumbed and powered non-living square footage into an additional studio unit as an ADU or expand on the existing contiguous 1 Bed / 1 Bath unit to create a 2 Bed / 2 Bath unit for increased rent potential. The property passed SB721 deck inspections in 2023
Last checked:
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Last updated Oct 8, 2024
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MLS# PTP2405253 —
The Building
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Year Built:1970
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:6062.00
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# of Buildings:1
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Total Number Of Units:9
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Stories Total:2
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# of Separate Gas Meters:10
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# of Separate Water Meters:1
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# of Separate Electric Meters:10
Interior
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Entry Location:street
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Fireplace:No
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Laundry:Common Area
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Laundry:1
Location
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Directions:GPS
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Latitude:32.75283400
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Longitude:-117.11340800
The Property
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Property Type:Residential Income
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Zoning:Multifamily
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Lot Features:36-40 Units/Acre
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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:Public Records
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Fence:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:29-00
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Tax Lot:447-342-29-00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4473422900
Heating & Cooling
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Cooling:No
Utilities
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Sewer:Public Sewer
Appliances
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Included:No
The Community
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Senior Community:No
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Neighborhood:Cherokee Point
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Features:Curbs
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Pool:None
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Private Pool:No
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Association:No
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Assessments:No
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Assessments:None
Parking
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Parking:No
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/8/24
Oct 8, 2024
|
Sold | CRMLS_CA | $2,180,000 | -8.6% |
|
9/24/24
Sep 24, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $2,385,000 | |
|
8/29/24
Aug 29, 2024
|
Listed / Active | CRMLS_CA | $2,385,000 |
