$1,498,800
$100K PRICE DROP

Estimated payment $9,391/month

Total Views 12,327
6 Beds
4 Baths
2,405 Sq Ft
$623 Price per Sq Ft

Highlights

  • No HOA
  • Bike Trail
  • No Heating
  • Laundry Room

About This Home

This property presents an excellent investment opportunity, with the current rental income across its three units and plus possibility to convert the existing garage into an additional 1-bedroom unit to increase the rental income. Each unit offers comfortable living spaces, ideal for tenants seeking the perfect blend of urban convenience and residential tranquility. Three-unit multi-family property nestled in the vibrant Cherokee Point neighborhood of San Diego. This 2,405-square-foot property, on a sprawling 6,988 square foot lot, comprises three distinct units: Unit 1: Three bedrooms and two and a half bathrooms. Unit 2: Two bedrooms and one bathroom. Unit 3: One bedroom, one bathroom and downstairs 2 car garage. Two units are in the front building, both recently upgraded and rented, they both have laundry in units. The third (one-bedroom) unit in the back building, situated above the garage, offers excellent potential for value-add improvements and higher rent. The opportunity to convert the existing garage into a 1-bedroom unit or expand the property further, increasing rental income potential and maximizing investment returns. Two garages plus four driveway parking spots provide ample space for residents and guests. Private gated yards offer a secure area for relaxation or recreation for two of the units. Generous 3 areas accommodate tenants' needs. Washer and dryer hookups are available, enhancing tenant convenience. The property's prime location also affords easy access to some of San Diego's most iconic destinations. Convenient access to Interstates 805 and 15 facilitates commuting throughout the area. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 5-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. Whether you're an investor looking to expand your portfolio or a homeowner interested in additional income streams, 3812-14 36th Street offers exceptional versatility and potential in a highly desirable San Diego neighborhood.

Listing Agent

Sez Sezer

Keller Williams Realty Brokerage Phone: 858-436-6585 License #01988197 Listed on: 03/13/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,988 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Entry on the 2nd floor

Interior Spaces

  • 2,405 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 001007
  • Tax Tract Number 1007
  • Assessor Parcel Number 4474621700
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $99,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 4474621700
  • Year Built: 1941
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 2
  • Price Per Square Foot: 623.20

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6988.00
  • Lot Size Acres: 0.1604

Multi Family

  • Gross Income: 99000.00
  • Gross Scheduled Income: 99000.00
  • Lot Size Area: 6988.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 001007
  • Tax Tract Number: 001007

Map

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 Prior Sale
08/17/2025 08/17/25 For Sale $1,498,800 0.0% $623 / Sq Ft
07/09/2025 07/09/25 Pending -- -- --
05/20/2025 05/20/25 Price Changed $1,498,800 -6.3% $623 / Sq Ft
03/13/2025 03/13/25 For Sale $1,598,800 +72.8% $665 / Sq Ft
12/10/2020 12/10/20 Sold $925,000 +3.4% $337 / Sq Ft View Prior Sale
10/30/2020 10/30/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $895,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2502316

California Regional Multiple Listing Service (CRMLS)