3735 Madison Avenue

San Diego, CA 92116

$1,800,000
Price
5
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this adorable 4-unit property, perfectly positioned on a desirable corner lot in Normal Heights. This unique offering features a delightful mix of units: a free-standing 2-bedroom, 1-bath home, alongside a duplex with two 1-bedroom, 1-bath units, and an additional free-standing 1-bedroom, 1-bath residence. Each unit includes dedicated parking, with three detached garages and one attached garage for added convenience, in addition to ample street parking. These well-maintained units showcase...Welcome to this adorable 4-unit property, perfectly positioned on a desirable corner lot in Normal Heights. This unique offering features a delightful mix of units: a free-standing 2-bedroom, 1-bath home, alongside a duplex with two 1-bedroom, 1-bath units, and an additional free-standing 1-bedroom, 1-bath residence. Each unit includes dedicated parking, with three detached garages and one attached garage for added convenience, in addition to ample street parking. These well-maintained units showcase beautiful hardwood floors and inviting built-ins that exude charm. Enjoy the ease of low-maintenance landscaping, along with newly installed sidewalks, gutters, windows, garage doors, fence and downspouts. With durable composition shingle roofs, this property is both stylish and practical. Ideal for first-time investors or those looking to occupy a unit with VA/FHA financing, this is an opportunity not to be missed. Experience the vibrant lifestyle Normal Heights has to offer! All tenants pay their own electricty. Two units (4548 & 3741) are separately metered so they pay their own water and sewer however the duplex (3739 & 3735) is not separately metered and is paid by the owner. Property is zoned Multi Family Dwellings 2+
  1. Listed by Gregg Neuman • DRE #00809392 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
  2. Listed by Caroline Singer • DRE #01319378 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 3735 Madison Avenue

Zoning
R-3:RESTRI
Cross Streets
38th Street
Source Living Area
Assessor
Area
Normal Heights (NLHS)
Lot Size Area
7344
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 3735 Madison Avenue

StatusActive
MLS #240026431SD
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.17 AC / 7,344 SF
CountySan Diego County

Building Information for 3735 Madison Avenue

Stories1Residences-Year Built1947Building Size-Lot Size0.17 AC / 7,344 SF

Property Information for 3735 Madison Avenue

Community / Development
Community / Development
  • Complex Name: n/a
  • Number Of Units: 4
  • Pets Allowed: Yes
  • Builders Tract Name: Normal 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
  • Water Heater Features: Gas
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $75,997.00
  • Gross Scheduled Income: $92,040
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $19.56
  • Other Income1: $.00
  • Total Annual Expense: 16043
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.17
  • Lot Description: Curbs, Sidewalks, Street Paved
  • Lot Location: Alley Access, Corner Lot
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Gate, Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Sewer, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,920.00
  • Unit Actual Rent: $1,920.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1

Property History for 3735 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3735 Madison Avenue

Taxable ValueLand$198,640Additions$278,101Total$476,741
Tax Record2017$5,506 ($459 / month)
Home Facts
Beds5Above Grade Finished SqFt2,426 SqFtLot Size7,126 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947Year Renovated1947ZoningR3CountySAN DIEGOAPN4470521800

Schools near 3735 Madison Avenue

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
Charter - K to 8
Rating
School
Distance
Normal Heights Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK 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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3735 Madison Avenue is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on November 8, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $1,800,000. This listing's school district is San Diego Unified School District. Nearby schools include Normal Heights Elementary School, Wilson Middle School and Hoover High School. 3735 Madison Avenue is a 5-bed, 4-bath, multi-family home built in 1947.

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Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Gregg Neuman, DRE #00809392; Berkshire Hathaway HomeServices California Propert, Caroline Singer, DRE #01319378

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