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4114-20 39th St
Metro Uptown San Diego 92105

$2,199,000 /450000.0
Com-Res Income 7,001 sq. ft. built: 1941

Main Photo: Property for sale: 4114-20 39th St in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
240019757
Year Built:
1941
Fully renovated 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. A feasibility study was conducted showing the cost and timeline for the garage conversions. Property is at 5.86% cap rate with current expenses and sales price. 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.
Rental Amount:
12995
Price Per Unit:
450000.0
Total Floor Area:
7,001 sq. ft.
Lot Size:
6,969.6 sq. ft.
Lot Size Commercial:
.25 Acres or less
County:
San Diego
Market Area:
Metro Uptown
Number of Buildings:
4
Number of Units:
5
Stories:
1 Story, 2 Story
Num Stories:
2
Unit Type:
Other/Remarks
Year Built:
1941
Cap Rate.:
5.86
Gross Multiplier:
13.0
Gross scheduled income:
155940.0
Operating expense:
25000
Gross equity:
0
Motive / Want:
Resale
Financial Information Source:
Accountant, Owner
Existing Financing:
Conventional, Private
Present Loan:
yes
Short Sale:
No
Listing Type:
Exclusive Right (R)
Complex Features:
N/K
Exterior Finish:
All Auto Sprinklers, Cable Available, Community Facilities, Front Sprinklers, Fully Landscaped, Rear Sprinklers, Security Bars
Special:
Sellers Are RE Licensees, None
Parking:
Garages, Spaces, Other/Remarks
Total Parking Spaces:
4
Cooling:
Central Forced Air Elec
Heating:
Central Forced Air Elec
Construction Material:
Drywall, Other/Remarks
Roof:
Other/Remarks
Floor finish:
Vinyl
Terms:
Cash, Exchange Down, Exchange Up, FHA, VA, Other/Remarks
Number of Units with Dishwashers:
0
Number of Units with Disposals:
5
Number of Units with Drapes:
0
Number of Units with Garages:
4
Number of Units with Range/Oven:
5
Number of Units with Refrigerators:
5
Number of Leased Appartments:
0
Zoning:
RM 2-5
Parcel Number:
447-352-21-00
Number of Units in Unit 1:
4114
Unit 1 Furnished:
0
Bedrooms for Unit 1:
1
Bathroom 1:
1.0
Number of Units in Unit 2:
4116
Unit 2 Furnished:
0
Bedrooms for Unit 2:
1
Bathroom 2:
1.0
Number of Units in Unit 3:
4118
Bedrooms for Unit 3:
2
Bathroom 3:
1.0
Number of Units in Unit 4:
4118
Bedrooms for Unit 4:
2
Bathroom 4:
1.0
Number of Units in Unit 5:
4120
Unit 5 Furnished:
0
Bedrooms for Unit 5:
2
Bathroom 5:
1.0
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Listed by Compass
Data was last updated October 29, 2024 at 11:10 PM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$3,047,500
Min list price:
$1,170,000
Max list price:
$19,000,000
Avg days on market:
87
Min days on market:
1
Max days on market:
514
Avg price per sq.ft.:
$412.43
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.