Address
3820 40th Street San Diego, CA
Price
$ 1,950,000
Property Attributes
  • MLS#210011770
  • TypeIncome
  • CountySAN DIEGO
  • CitySan Diego
  • AreaMetro Uptown
  • NeighborhoodMetro Uptown
  • Zip92105
  • Style
  • Price$ 1,950,000
  • Bedrooms11
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5200
  • Lot Size6,843 SqFt
Listing Provided Courtesy Of:
Cethron Property Management
Data Source:
San Diego MLS
Property Description

This multi-family apartment building investment located at 3820 40th Street in the heart of the city of San Diego. The investment is very close to major freeways and located in the up-and-coming neighborhood of Cherokee Point, a community of City Heights. The apartment building is comprised of 7 well-maintained units with a unit mix of 1BD, 2BD, and 3BD apartments adding up to a total of 5,200 rentable square feet. Built in 1977, the 100% leased apartment building has had many improvements done throughout the years. There is significant potential for rental income growth, since the rents are well below market. The subject property is centrally located off University Avenue and 40th Street with excellent access to City Height’s transportation corridors including highways 15, 805 and 8. and easy public transportation. The property is within close proximity to shopping, restaurants, parks and schools with easy public transportation making the investment property desirable for existing and future tenancies.

Price History
5/4/2021 Listed $1,950,000

General Features

# Of Units (1) 1
# Of Units (2) 1
# Of Units (3) 1
# Of Units (4) 1
# Of Units (5) 1
# Of Units (6) 1
# Of Units (7) 1
Amenities None
Construction Frame, Stucco
Cooling Wall/Window
Flood Zone Hazard Unknown
Heating Radiant
Laundry Y/N Leased
Parking Garages, Spaces
Sale/rent For Sale
Stories 2 Story
Tenant Pays Electric Yes
Tenant Pays Gas Yes
Tenant Pays Water No
Terms Cash, Cash to New Loan, Exchange Up
Total Units 7
Unit Type Apartment
Zoning R-3

Interior Features

# Of Units W/garage 1
# Of Units W/ranges 7
# Of Units W/refrigerator 7
Baths in Unit 1 1.0
Baths in Unit 2 1.0
Baths in Unit 3 1.5
Baths in Unit 4 2.0
Baths in Unit 5 1.0
Baths in Unit 6 1.0
Baths in Unit 7 1.5
Bedrooms in Unit 1 1
Bedrooms in Unit 2 1
Bedrooms in Unit 3 2
Bedrooms in Unit 4 3
Bedrooms in Unit 5 1
Bedrooms in Unit 6 1
Bedrooms in Unit 7 2

Exterior Features

Lot Size Area .25 Acres or less
Number of Buildings 1
Total Parking 10

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92105

Price
AVG $1.37M
$1.95M
Visits
AVG 41
26
Walkscore
AVG 79
90
Data Provided by Walkscore ® not using MLS data

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