4041 38th Street

San Diego, CA 92105

$1,475,000
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a fully renovated 3-unit gem in the heart of Cherokee Point, perfectly positioned between North Park and Normal Heights! This exceptional property features three detached units, each boasting modern upgrades and incredible investment potential. The front house is a spacious 1,100 sq. ft., 3-bedroom, 2-bath beauty. The middle unit offers a comfortable 600 sq. ft. with 2 bedrooms and 1 bath, while the back unit is a charming 650 sq. ft., 2-bedroom, 1-bath retreat with alley access, complete...Introducing a fully renovated 3-unit gem in the heart of Cherokee Point, perfectly positioned between North Park and Normal Heights! This exceptional property features three detached units, each boasting modern upgrades and incredible investment potential. The front house is a spacious 1,100 sq. ft., 3-bedroom, 2-bath beauty. The middle unit offers a comfortable 600 sq. ft. with 2 bedrooms and 1 bath, while the back unit is a charming 650 sq. ft., 2-bedroom, 1-bath retreat with alley access, complete with gated parking for up to 3 vehicles. All units have been meticulously updated with new roofs, cabinets, counters, bathrooms, appliances, plumbing, HVAC systems, and three tankless water heaters. The property also features fresh landscaping, new interior/exterior doors, updated driveways, and beautifully refinished flooring. An onsite laundry building with two stacked units adds convenience for tenants. With close proximity to the 15 and 805 freeways, walking distance to trendy eateries along University Avenue, and easy access to public transportation, this location is ideal for long-term tenants, traveling nurses, or Airbnb guests. The fenced private yard is perfect for children or pets, making this a versatile and desirable rental opportunity. Whether you're looking for a solid long-term investment or a property with strong Airbnb potential (Airbnb analysis available), this 3-unit masterpiece checks all the boxes. Don't miss out on this rare opportunity!
  1. Listed by Brian Duarte • DRE #01468181 • Brokerage DRE #01468181 • Millennial Realty Group

Property Details for 4041 38th Street

Cross Streets
University
Source Living Area
Assessor
Area
East San Diego (ESD)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
4474220900
LISTING UPDATED: 10/18/2024 01:43 PM

Property Details for 4041 38th Street

StatusActive
MLS #240024780SD
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size-
CountySan Diego County

Building Information for 4041 38th Street

Stories1Residences-Year Built1926Building Size-Lot Size-

Property Information for 4041 38th Street

Community / Development
Community / Development
  • Complex Name: Normal Heights
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Amenities: Gated Community, Laundry Facilities
  • Builders Tract Name: Normal Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: Gated
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Tankless
  • 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: $.00
  • Gross Scheduled Income: $0
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Description: Sidewalks, Street Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: On-Site Parking, RV Possible
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Central Forced Air
  • Heating Type: Electric
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full, Gate
  • Sprinklers: Automatic, Sprinkler System
Lease Terms
Lease Terms
  • Listing Terms: Cal Vet Loan, Cash, Conventional, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $2,800.00
  • Like Units: 1

Property History for 4041 38th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4041 38th 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
Charter - 9 to 12
Rating
School
Distance
Central Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

Health Sciences High School
Charter9 to 12

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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4041 38th Street is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on October 17, 2024 by Millennial Realty Group, it's currently listed at $1,475,000. It has been on the market for a total of 5 days and was last sold on April 26, 2024. This listing's school district is San Diego Unified School District. Nearby schools include Central Elementary School, Wilson Middle School and Hoover High School. 4041 38th Street is a 7-bed, 4-bath, multi-family home built in 1926.

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Listing Courtesy of Millennial Realty Group, Brian Duarte, DRE #01468181

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