NOT LISTED FOR SALE
5 Beds
3 Baths
2,022 Sq Ft
7,064 Sq Ft Lot

Last Sold April 27, 2023

Last sale price $1,045,000 $517 Per Sq Ft

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Turnkey
  • Cooling Available
  • Shed
  • 2-minute walk to Virgie Hazel McCain and William Henry Carter Mini Park

About This Home

As of April 2023

Looking for a Turnkey investment with zero vacancies? Look no further. FOR SALE, 3 units in San Diego's City Heights Neighborhood. There are 3 units in 2 buildings. 3130 40th St is a 2 bedroom, 1 bath, 832 Sq ft detached house remodeled 5 years ago. Remodel included wood-like laminate flooring, quartz countertops, stainless steel appliances, including refrigerator and fixtures, kitchen and bathroom cabinets, tiled kitchen and bathroom backsplash, carpet, dual pane windows, and a new roof! It also has a laundry room off the kitchen with a full-size washer and dryer. 3132 is an ADU built in 2021 and consists of units A and B. ADU has solar and will be paid off at COE. The ADU is accessed through the alley and has an electric fence with remotes. Both have modern finishes, Stainless steel refrigerators, ovens, and hoods, plus Unit A has a dishwasher. Both have a full-size washer and dryer and 2 parking spaces each. All 3 Units have Mini Split A/C. All pictures were taken before the current tenants occupied the properties.

Last Agent to Sell the Property

Minerva Garcia

Coldwell Banker West License #01301915 Listed on: 03/13/2023

Coldwell Banker West

Last Buyer's Agent

Minerva Garcia

Coldwell Banker West License #01301915 Listed on: 03/13/2023

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,064 Sq Ft Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,022 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Shed

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Tax Lot 123/31,32
  • Tax Tract Number 25
  • Assessor Parcel Number 4544111800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $855
  • Electric Expense $647
  • Insurance Expense $1,044
  • Maintenance Expense $1,564
  • Professional Management Expense $1,900
  • Water Sewer Expense $1,329
  • New Taxes Expense $12,771
  • Operating Expense $20,110
  • Gross Income $75,600
  • Net Operating Income $61,082

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.82
  • Professional Management Expense: 1900.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1329.00
  • Zoning: Multi Family Dwellings Generic Any Co...
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4544111800
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 516.82

Exterior Features

  • Other Structures: Shed(s)
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7064.00
  • Lot Size Acres: 0.1622

Multi Family

  • Cable TV Expense: 855.00
  • Electric Expense: 647.00
  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1044.00
  • Lot Size Area: 7064.0000 Square Feet
  • Maintenance Expense: 1564.00
  • Net Operating Income: 61082.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14518.00
  • Rent Control: No
  • Total Actual Rent: 6300.00
  • Total Expenses: 20110.00

Tax Info

  • New Taxes Expense: 12771.00
  • Tax Lot: 123/31,32
  • Tax Tract Number: 25.01/

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2023 04/27/23 Sold $1,045,000 -0.5% $517 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $1,050,000 -- $519 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2301195

California Regional Multiple Listing Service (CRMLS)

APN: 454-411-18-00