Introducing a fully renovated 3-unit gem in the heart of Cherokee Point, perfectly positioned between North Park and Normal Heights! This exceptional property features three detached units, each boasting modern upgrades and incredible investment potential. The front house is a spacious 1,100 sq. ft., 3-bedroom, 2-bath beauty. The middle unit offers a comfortable 600 sq. ft. with 2 bedrooms and 1 bath, while the back unit is a charming 650 sq. ft., 2-bedroom, 1-bath retreat with alley access, complete with gated parking for up to 3 vehicles. All units have been meticulously updated with new roofs, cabinets, counters, bathrooms, appliances, plumbing, HVAC systems, and three tankless water heaters. The property also features fresh landscaping, new interior/exterior doors, updated driveways, and beautifully refinished flooring. An onsite laundry building with two stacked units adds convenience for tenants. With close proximity to the 15 and 805 freeways, walking distance to trendy eateries along University Avenue, and easy access to public transportation, this location is ideal for long-term tenants, traveling nurses, or Airbnb guests. The fenced private yard is perfect for children or pets, making this a versatile and desirable rental opportunity. Whether you’re looking for a solid long-term investment or a property with strong Airbnb potential (Airbnb analysis available), this 3-unit masterpiece checks all the boxes. Don’t miss out on this rare opportunity!
Property Details
Price:
$1,475,000
MLS #:
240024780SD
Status:
P
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Normal Heights
Neighborhood:
92105
Listed Date:
Oct 18, 2024
Year Built:
1926
See this Listing
Schools
Interior
Appliances
TW
Cooling
CA
Heating
ELC
Exterior
Roof
CMP
Security Features
GC
Financial
Map
Community
- Address4045 38th Street San Diego CA
- SubdivisionNormal Heights
- CitySan Diego
- CountySan Diego
- Zip Code92105
Subdivisions in San Diego
- Bay Park
- Bayside BS
- Bonita
- Bonsall
- BP
- Carmel Mountain Ranch
- Carmel Valley
- Casablanca CSB
- CAV
- CH
- Chula Vista
- City Heights
- Civita CIVI
- Clairemont
- College Grove
- Coronado Shores
- Coronado Village
- Crown Point
- Crown Point CP
- Del Cerro
- Del Mar
- Downtown
- DWTN
- East Del Mar
- East San Diego
- East Village 400
- Encanto
- ENCTO
- Escala ESCL
- Hillcrest
- Imperial Beach
- Kearny Mesa
- Kensington
- La Costa
- La Jolla
- La Mesa
- Lemon Grove
- Linda Vista
- Logan Heights
- Marbella MB
- Middletown
- Mira Mesa
- Mission Beach
- Mission Greens R1 MG
- Mission Hills
- Mission Valley
- Mission Village
- Normal Heights
- North Park
- Ocean Beach
- Old Town
- olive street
- Pacific Beach
- Paradise Hills
- Park Villas South
- PL
- Point Loma
- Poway
- Presidio PRES
- Promontory PROM
- Rancho Bernardo
- Rancho Pacifica 1 261701
- Rancho Penasquitos
- Rancho Santa Fe
- RB
- Sabre Spr
- San Carlos
- San Diego
- San Ysidro
- SANT
- Santaluz
- SBS
- Scripps Ranch
- SD
- Serra Mesa
- Solana Beach
- Sonoma Tract 8 1118
- South Sd
- Spinnaker Point SPINP
- Spring Valley
- Stonebridge 3700
- Talmadge
- The Cottages COTT
- Tierrasanta
- Torrey Highlands
- UC
- University City
- University Heights
Market Summary
Current real estate data for Single Family in San Diego as of Oct 29, 2025
2,471
Single Family Listed
69
Avg DOM
622
Avg $ / SqFt
$1,151,991
Avg List Price
Property Summary
- Located in the Normal Heights subdivision, 4045 38th Street San Diego CA is a Single Family for sale in San Diego, CA, 92105. It is listed for $1,475,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1926. The average price per square foot for Single Family listings in San Diego is $622. The average listing price for Single Family in San Diego is $1,151,991.
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