259 South 39th Street

San Diego, CA 92113

$850,000
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This remarkable income producing property is the perfect opportunity for an investment and/or multi-generational living! Fully renovated in the vibrant Logan Heights neighborhood, this property offers two single-story detached units on a generous 5,516 sq. ft. lot! The front unit (renovated in 2024) features 2 bedrooms and 1 bathroom with 717 sq. ft. of living space and boasts new flooring, appliances, countertops, fixtures, bathrooms, ceiling fans, and fresh interior/exterior paint, while the back...This remarkable income producing property is the perfect opportunity for an investment and/or multi-generational living! Fully renovated in the vibrant Logan Heights neighborhood, this property offers two single-story detached units on a generous 5,516 sq. ft. lot! The front unit (renovated in 2024) features 2 bedrooms and 1 bathroom with 717 sq. ft. of living space and boasts new flooring, appliances, countertops, fixtures, bathrooms, ceiling fans, and fresh interior/exterior paint, while the back unit (renovated in 2020) features 3 bedrooms and 1 bathroom with 900 sq. ft. of living space and similar upgrades. Each unit is equipped with its own HVAC system, dishwasher, and washer & dryer for ultimate convenience. Enjoy spacious front patios, ample outdoor living space, parking for up to 5 vehicles, a solar system and a storage shed. The front unit is vacant and move-in ready, while the back unit has tenants in place giving buyers the option to assume a steady rental income. Located just minutes from iconic San Diego attractions such as Balboa Park, Petco Park, the Gaslamp Quarter, pristine beaches, and top-tier shopping and dining, this property is perfect for short-term or long-term rentals or as a multi-generational living opportunity. Don't miss this exceptional investment opportunity!
  1. Listed by Mike Chiesl • DRE #01783300 • Brokerage DRE #01180851 • Real Broker
  2. Listed by Hannah Ohman • DRE #02212394 • Brokerage DRE #01180851 • Real Broker

Property Details for 259 South 39th Street

Cross Streets
Imperial Ave
Area
Logan Heights (LOH)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
5462310500
LISTING UPDATED: 12/20/2024 10:59 PM

Property Details for 259 South 39th Street

StatusActive
MLS #240028729SD
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size-
CountySan Diego County

Building Information for 259 South 39th Street

Stories1Residences-Year Built1930Building Size-Lot Size-

Property Information for 259 South 39th Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 2
  • Builders Tract Name: Logan Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $3,633.00
  • Gross Scheduled Income: $4,800
  • Cap Rate: 5.13%
  • Gross Rent Multiplier: $14.50
  • Other Income1: $.00
  • Total Annual Expense: 641
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Central Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Water

Property History for 259 South 39th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 259 South 39th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Baker Elementary School
PublicK to 5

Knox Middle
Public6 to 8

Lincoln High School
Public9 to 12

Mountain View
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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259 South 39th Street is a multi-family home for sale in San Diego, CA 92113. This property was listed for sale on December 19, 2024 by Real Broker, it's currently listed at $850,000. It has been on the market for a total of 10 days and was last sold on May 4, 2017. This listing's school district is San Diego Unified School District. Nearby schools include Baker Elementary School, Knox Middle and Lincoln High School. 259 South 39th Street is a 5-bed, 2-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, Mike Chiesl, DRE #01783300; Real Broker, Hannah Ohman, DRE #02212394

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