4114 39th Street

San Diego, CA 92105

$2,199,000
Price
8
Beds
6
Baths
3,200 Sq. Ft.
$687 / Sq. Ft.
3,200
Sq. Ft.
$687
per Sq. Ft.

Description

Fully renovated and leased out 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...Fully renovated and leased out 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. Units are fully released out with 12 month contracts at market rates making its easy for an investor to start earning cash flow immediately. Property selling at 5.86% cap rate with current expenses and sales price. A feasibility study was conducted showing the cost and timeline for the garage conversions. 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.

Listing Agent

  1. Seth Struiksma

    Seth Struiksma

    Listing Agent

    Compass

    DRE #01868552

Property Details for 4114 39th Street

Area
East San Diego (92105)
Neighborhood
Cherokee Point
Community
NORTH PARK
View Description
N/K
City Postal ID
EAST SAN DIEGO (92105)
Cross Street(s)
El Cajon
LISTING UPDATED: 10/04/2024 10:00 AM

Property Details for 4114 39th Street

StatusActive
MLS #240019756
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.16 AC / 6,969 SF
CountySan Diego County

Building Information for 4114 39th Street

Stories2Residences-Year Built1941Building Size-Lot Size0.16 AC / 6,969 SF

Property Information for 4114 39th Street

Summary Information
Property and Location
  • System ID: 240019756
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1941
  • Street Number Numeric: 4114
  • Street Name: 39th St
  • Map Coordinates: 1269G5
  • Complex Features: Gated Community, Laundry Facilities, Recreation Area
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
  • Telecommunications: N/K
Parking
  • Parking for RV: None Known
HOA and Fees
  • Home Owners Fee Includes: N/K
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
  • Num of Units w/Cooling: 5
  • Cooling: Zoned
  • Heat Equipment: Zoned Areas
  • Water Heater Type: Gas
  • Heat Source: Natural Gas
Exterior Features
  • Exterior: Wood/Stucco
  • Roof: Composition
  • Fencing: Full
  • Security: Gated Community
  • Pool: N/K
  • Pool Heat: None Known
  • Spa Heat: None Known
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Frontage: N/K
  • Additional Property Use: N/K
  • Topography: Level
  • Site: N/K
  • Zoning: RM 2-5
  • Complex/Park: 39th St Apartments
  • Assessors Parcel Num: 447-352-21-00
  • Miscellaneous: Dog Run
Utilities
  • Water: Meter on Property
  • Sewer/Septic: Sewer Connected
  • Irrigation: Automatic
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 4120
  • Parking Garage Unit 1: Assigned, Attached
  • Parking Non-Garage Unit 1: None Known
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 700
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: $3,000
  • Unit 1 Rent Actual: $2,995
Unit 2
  • Unit Num for Unit 2: 2118
  • Parking Garage Unit 2: Assigned, Attached
  • Parking Non-Garage Unit 2: None Known
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 700
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Prkng Garage Space: 1
  • Unit 2 Projected Rent: $3,000
  • Unit 2 Rent Actual: $2,900
Unit 3
  • Unit Num for Unit 3: 4118 1/2
  • Parking Garage Unit 3: Assigned, Attached
  • Parking Non-Garage Unit 3: None Known
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $0
  • Unit 3 Estimated SqFt: 700
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Tenant
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Projected Rent: $3,000
  • Unit 3 Rent Actual: $2,900
Unit 4
  • Unit Num for Unit 4: 4114-4116
  • Parking Garage Unit 4: Assigned, Attached
  • Parking Non-Garage Unit 4: None Known
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 3
  • Unit 4 Deposit: $0
  • Unit 4 Estimated SqFt: 1,100
  • Unit 4 Exclusive Use Yard: No
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Occupied: Tenant
  • Unit 4 Prkng Garage Space: 1
  • Unit 4 Projected Rent: $4,300
  • Unit 4 Rent Actual: $0
Building Details
  • Amenities: Gated Community, Laundry Facilities, Recreation Area
  • Heating: Natural Gas, Zoned

Property History for 4114 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 4114 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
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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4114 39th Street is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on August 20, 2024 by Compass, it's currently listed at $2,199,000. This listing's school district is San Diego Unified School District. Nearby schools include Central Elementary School, Wilson Middle School and Hoover High School. 4114 39th Street is a 8-bed, 6-bath, 3,200 sqft multi-family home built in 1941.

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 Compass, Seth Struiksma, DRE #01868552

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