4534 39th Street
San Diego, CA, 92116
$1,400,000
Beds
0 Baths
SqFt
0.11 Acres
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Welcome to 4534-38 39th St in beautiful Normal Heights San Diego. The property consists of 3 completely detached buildings presenting an ideal unit mix of a 925 sqft 2 Bed / 1 Bath front house, a 925 sqft 2 Bed / 1.5 Bath two story rear house built in 2001, and a 400 sqft Studio ADU Cottage completed in 2021. Both front and rear houses have in-unit laundry, off-street parking for multiple cars, and private yards. The Studio ADU possess a small private yard. This multifaceted property can be purchased by a savvy owner occupier or an investor. An individual looking to purchase their own home may consider acquiring this building to live in one of the detached houses while simultaneously receiving passive income from the other two units. The property has solar panels with a lease in-place to reduce electricity costs. The property produces roughly $88,000 in gross scheduled annual income yielding roughly $57,500 net operating income after all expenses. An investor may elect to renovate the existing units to produce a forecasted $111,500 in full market rents. The property is priced to sell at $200 per sqft less than the comp set!

Property Details

Price:
$1,400,000
MLS #:
PTP2501424
Status:
Active
Baths:
0
Address:
4534 39th Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
92116normalheights
City:
San Diego
Listed Date:
Feb 23, 2025
State:
CA
ZIP:
92116
Lot Size:
4,767 sqft / 0.11 acres (approx)
Year Built:
1928
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36-40 Units/ Acre
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