Seller's Agent in 2021
Claudia Adatto
Cethron Property Management
(619) 289-5362
1 in this area
6 Total Sales
3820 40th St San Diego, CA 92105
Cherokee Point Neighborhood
11
Beds
8
Baths
5,200
Sq Ft
6,970
Sq Ft Lot
About This Home
As of June 2021This 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.
Last Agent to Sell the Property
Cethron Property Management License #02012987 Listed on: 05/04/2021
Co-Listed By
David Pearl
Cethron Property Management License #02119412
Property Details
Home Type
- Multi-Family
Lot Details
- 6,970
Home Design
- Frame Construction
- Stucco
Interior Spaces
- 11 Bedrooms
- 5,200 Sq Ft Home
- 2-Story Property
Parking
- 10 Car Garage
- Parking Available
Additional Homes
- Number of ADU Units: 1
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
Community Details
- 7 Units
- Operating Expense $48,559
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/01/2021 06/01/21 | Sold | $1,699,562 | -5.6% | $327 / Sq Ft |
| 05/15/2021 05/15/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | Price Changed | $1,800,000 | -7.7% | $346 / Sq Ft |
| 05/04/2021 05/04/21 | For Sale | $1,950,000 | -- | $375 / Sq Ft |
Source: San Diego MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,203 | $1,839,657 | $757,701 | $1,081,956 |
| 2024 | $22,203 | $1,803,587 | $742,845 | $1,060,742 |
| 2023 | $21,712 | $1,768,224 | $728,280 | $1,039,944 |
| 2022 | $21,134 | $1,733,553 | $714,000 | $1,019,553 |
| 2021 | $10,418 | $841,613 | $307,742 | $533,871 |
| 2020 | $10,292 | $832,984 | $304,587 | $528,397 |
| 2019 | $10,109 | $816,652 | $298,615 | $518,037 |
| 2018 | $9,451 | $800,640 | $292,760 | $507,880 |
| 2017 | $9,226 | $784,942 | $287,020 | $497,922 |
| 2016 | $9,076 | $769,552 | $281,393 | $488,159 |
| 2015 | $8,942 | $757,994 | $277,167 | $480,827 |
| 2014 | $8,803 | $743,147 | $271,738 | $471,409 |
Source: Public Records
Agents Affiliated with this Home
-
Claudia Adatto
-
D
Seller Co-Listing Agent in 2021
David Pearl
Cethron Property Management
-
Benn Vogelsang
Buyer's Agent in 2021
Benn Vogelsang
NorthMarq Multifamily
(415) 250-4947
1 in this area
100 Total Sales
Map
Source: San Diego MLS
MLS Number: 210011770
APN: 447-491-29-00
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