4526 37th Street

San Diego, CA 92116

$1,995,000
Price
2
Beds
4
Baths
3,200 Sq. Ft.
$623 / Sq. Ft.
3,200
Sq. Ft.
$623
per Sq. Ft.

Description

Please do not walk on property or disturb tenants. Shown by appointment with an accepted offer. Extremely well-maintained 4plex, desirable Normal Heights. Built 1940s, approx. 3,200 square feet, (4) 2-bed/1-bath units, around 800 SF each. Upper units feature private balconies. Lower units have patios. Property has passed SB-721 balcony inspection. Extensively remodeled 1999/2005, including updates to plumbing, electrical, roofing, and interiors. All 4 water heaters recently replaced. 2 current tenants,...Please do not walk on property or disturb tenants. Shown by appointment with an accepted offer. Extremely well-maintained 4plex, desirable Normal Heights. Built 1940s, approx. 3,200 square feet, (4) 2-bed/1-bath units, around 800 SF each. Upper units feature private balconies. Lower units have patios. Property has passed SB-721 balcony inspection. Extensively remodeled 1999/2005, including updates to plumbing, electrical, roofing, and interiors. All 4 water heaters recently replaced. 2 current tenants, offering potential for owner-occupant, or additional unit renovations and increased rental income. 6,049 SF lot zoned RM-1-1, well-maintained landscaping. (5) off-street parking. Likely room to add 1 or more ADUs in rear. Prime location provides easy access to local amenities and transportation. This long-term investment opportunity offers appreciation potential and cash flow enhancement through renovations or ADU development.
  1. Listed by Max Delbecq • DRE #01964069 • Brokerage DRE #02059064 • Top Gun CRE • maxd@topguncre.com
  2. Listed by Kenneth Herskind • DRE #01872460 • Brokerage DRE #02059064 • Top Gun CRE

Property Details for 4526 37th Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3200
Assessor Parcel Number
447-051-19-00
Property Attached YN
true
LISTING UPDATED: 10/01/2024 11:39 AM

Property Details for 4526 37th Street

StatusActive
MLS #PTP2405896
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.14 AC / 6,049 SF
CountySan Diego County

Virtual Tour

Building Information for 4526 37th Street

Stories2Residences-Year Built1945Building Size-Lot Size0.14 AC / 6,049 SF

Property Information for 4526 37th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $128,628
  • Gross Scheduled Income: $128,628
  • Net Operating Income: $89,340
  • Cap Rate: 4.48
Expense Details
  • Operating Expense: $35,429
  • New Taxes Expense: $24,547
  • Insurance Expense: $2,600
  • Trash Expense: $0
  • Water Sewer Expense: $1,838
  • Total Expenses: $35,429
Tax / Assessment Info
  • Tax Tract Number: 447-05
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 447-051-19-00
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Golf, Sidewalks, Storm Drains, Street Lights, Suburban, Biking, Dog Park, Park
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Door
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinklers Drip System, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Topography: Level
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,680
  • Unit Type Total Rent: $10,719
  • Unit Type Pro Forma: 13000
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 4526 37th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4526 37th Street

Taxable ValueLand$110,217Additions$150,170Total$260,387
Tax Record2017$2,944 ($245 / month)
Home Facts
Lot Size6,250 SqFtStyleMulti-Family Dwelling (2-4)ZoningR3CountySAN DIEGOAPN4470511900

Schools near 4526 37th 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 - 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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4526 37th Street is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on September 25, 2024 by Top Gun CRE, it's currently listed at $1,995,000. 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. 4526 37th Street is a 2-bed, 4-bath, 3,200 sqft multi-family home built in 1945.

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 Top Gun CRE, Max Delbecq, DRE #01964069; Top Gun CRE, Kenneth Herskind, DRE #01872460

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