Ryan Dick
Compass
(858) 633-5638
41 Total Sales
1 in Cherokee Point
$730,000 Price
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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cherokee Point, CA
-
Ryan Dick
-
Dawn Boquet
Dawn Boquet
Coldwell Banker Realty
(858) 299-6038
22 Total Sales
1 in Cherokee Point
$610,000 Price
-
Maria Pecoraro
Maria Pecoraro
Willis Allen Real Estate
(858) 585-9106
26 Total Sales
1 in Cherokee Point
$800,000 Price
-
Kim Hawley
Kim Hawley
Compass
(858) 264-3573
67 Total Sales
1 in Cherokee Point
$1,240,000 Price
-
Woody Henderson
Woody Henderson
American Dreams Real Estate
(858) 221-4971
104 Total Sales
2 in Cherokee Point
$620K - $645K Price Range
-
Katy Kingery
Katy Kingery
Responds QuicklyJuanaca Home Team, Inc
(858) 768-8854
81 Total Sales
1 in Cherokee Point
$815,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,700,000 | Chicago Title | ||
| Hyde Julianne Peters | -- | Chicago Title Company | |
| Kwok Hal Ls | -- | First American Title Co | |
| Hyde Jay | -- | -- | |
| Hyde Julianne Peters | -- | -- | |
| Hyde Jay | $244,000 | Stewart Title | |
| Pollack Alan D | $565,000 | Stewart Title Company | |
| Good Steward Enterprises Llc | -- | -- | |
| Mihalitsianos Alexis | $420,000 | California Title Company | |
| Secure Investments Llc | -- | -- | |
| Castille Joyce L | -- | -- | |
| Castille Joyce L | $64,500 | Chicago Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $525,000 | ||
| Previous Owner | Hyde Julianne Peters | $565,000 | |
| Previous Owner | Hyde Julianne Peters | $438,000 | |
| Previous Owner | Kwok Hal Ls | $400,000 | |
| Previous Owner | Hyde Jay | $42,000 | |
| Previous Owner | Pollack Alan D | $385,000 | |
| Previous Owner | Mihalitsianos Alexis | $336,000 | |
| Previous Owner | Secure Investments Llc | $178,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $23,076 | $1,876,450 | $772,855 | $1,103,595 |
| 2025 | $23,076 | $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
Seller's Agent in 2021
Claudia Adatto
Cethron Property Management
(619) 289-5362
4 Total Sales
-
DP
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
89 Total Sales
Map
Source: San Diego MLS
MLS Number: 210011770
APN: 447-491-29-00
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