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Key Details
Sold Price $1,630,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 650 sqft
Price per Sqft $2,507
Subdivision Normal Heights
MLS Listing ID 210025981
Sold Date 03/30/22
Bedrooms 6
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1980
Property Description
4338-40 39th St is a four unit property consisting of one 1,100 SF 3 bed/2 bath house in the front, three huge 650 SF 1 bed/1 bath units in the back, and four single car garages facing the alley. This property lies above El Cajon Blvd in the Normal Heights neighborhood of Central San Diego. The owner has just renovated one of the one bedroom units upstairs and has a tenant ready to rent the unit at $1800/mo. A new owner has the opportunity to also convert the four garages in the back into multiple ADU's for immediate upside in value and extra cash flow or demo the front structure and add 5 units in exchange for 1 affordable unit, or break up the large 3-bed into two units. The owner recently renovated the interiors in that front house a few years ago. The property has a new water heater, the front house has new copper piping, no issues with the roof or structure, and the main plumbing line was replaced with new ABS pipes.
Location
State CA
County San Diego
Community Normal Heights
Area East San Diego (92105)
Building/Complex Name Complex
Interior
Heating Electric, Natural Gas
Cooling Wall/Window
Fireplaces Number 1
Appliance Radiant
Exterior
Exterior Feature Stucco
Parking Features Unit1:Assigned Unit2:Assigned Unit3:Assigned Unit4:Assigned
Fence Cross Fencing
Community Features BBQ
Complex Features BBQ
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,290
Listing Terms Cash, Conventional, Exchange
Financing VA
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Bought with Keegan Wetzel • Cal State Realty Services