$2,199,000
4114 39th St San Diego, CA 92105
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,199,000
Est. payment /mo
7,000 Sqft Lot
UPDATED:
10/04/2024 05:03 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240019757SD
HOA Y/N No
Lot Size 7,000 Sqft
Property Description
Fully renovated 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. A feasibility study was conducted showing the cost and timeline for the garage conversions. Property is at 5.86% cap rate with current expenses and sales price. 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.
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning RM 2-5
Interior
Heating Forced Air
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 4473522100
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
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Listed by Seth Struiksma • Compass
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