NOT LISTED FOR SALE
7 Beds
4 Baths
2,350 Sq Ft
1926 Built

Sale Details

Date Sold: January 23, 2025

Last sale price $1,475,000 $628 Per Sq Ft

41 Days on Market

Highlights

  • RV Access or Parking
  • 1-Story Property
  • Laundry Facilities
  • Gated Community
  • Central Air
  • 5-minute walk to Teralta Park

About This Home

As of January 2025

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!

Last Agent to Sell the Property

Brian Duarte

Millennial Realty Group License #01468181 Listed on: 10/18/2024

Last Buyer's Agent

Mike Poehler

CityMark Realty License #01996923

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Sprinkler System

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 7 Bedrooms
  • 2,350 Sq Ft Home
  • 1-Story Property

Parking

  • Alley Access
  • RV Access or Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Normal Heights Community
  • Normal Heights Subdivision

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Gated Community, Laundry Facilities
  • SpaFeatures: N/K
  • Security Features: Gated Community
  • Co List Office Mls Id: 8683
  • Subdivision Name: NORMAL HEIGHTS
  • BuildingName: Normal Heights
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-03-19T16:16:53Z
  • AgeRestrictions: N/K
  • FullAddress: 4041-4045 38th Street
  • ShortSale: No
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Total Bedrooms: 7

Exterior Features

  • Fencing: Full, Gate
  • Roof: Composition
  • Pool Features: N/K
  • Construction Type: Stucco

Utilities

  • Cooling: Central Forced Air
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Condo/Co-op/Association

  • Pets Allowed: Yes

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 3
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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
01/23/2025 01/23/25 Sold $1,475,000 0.0% $628 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $1,475,000 -- $628 / 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 $6,982 $958,800 $479,400 $479,400
2024 $6,982 $565,200 $282,600 $282,600
2023 $6,827 $554,118 $277,059 $277,059
2022 $6,646 $543,254 $271,627 $271,627
2021 $6,600 $532,602 $266,301 $266,301
2020 $6,521 $527,142 $263,571 $263,571
2019 $6,405 $516,806 $258,403 $258,403
2018 $5,989 $506,674 $253,337 $253,337
2017 $5,846 $496,740 $248,370 $248,370
2016 $5,751 $487,000 $243,500 $243,500
2015 $4,731 $400,000 $200,000 $200,000
2014 $4,750 $400,000 $200,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240024780

San Diego MLS

APN: 447-422-09-00

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