$487,000
SOLD NOV 23, 2015

4041 38th St San Diego, CA 92105

Corridor Neighborhood
7 Beds
3 Baths
2,250 Sq Ft
5,319 Sq Ft Lot

Recently Sold

$216 Per Sq Ft

2% Below List Price

23 Days on Market

Highlights

  • Level Lot
  • 1-Story Property
  • 5-minute walk to Teralta Park
  • Wood Siding

About This Home

As of November 2015

Wonderful investment opportunity in the North Park/University Heights Area! 3 detached units ALL LEASED and ready for a new owner. Centrally located off of University Ave between the 15 and 805 freeway. Close to shops, restaurants and parks. Wonderful investment opportunity in the North Park/University Heights Area! 3 detached units ALL LEASED and ready for a new owner. Centrally located off of University Ave between the 15 and 805 freeway. Close to shops, restaurants and parks.

Last Agent to Sell the Property

Carolyn Yarbrough

Yarbrough Group License #01386981 Listed on: 09/18/2015

Last Buyer's Agent

Nikolas Mazzola

Shorebreak Real Estate License #01724621

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,319 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Additional Features

  • 1-Story Property
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 447-422-09-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • 4041 4045 38Th Street Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $2,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University
  • Neighborhood: North Park/ University Heights
  • Supplement: Wonderful investment opportunity in the North Park/University Heights Area! 3 detached units ALL LEASED and ready for a new owner. Centrally located off of University Ave between the 15 and 805 freeway. Close to shops, restaurants and parks.
  • LP / Sq Ft: 159.68
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1926
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Available
  • Telecommunications: Cable (coaxial)

Condo/Co-op/Association

  • Complex Name: 4041-4045 38th Street
  • Pets Allowed: Yes
  • Community: UNIVERSITY HEIGHTS

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: .25 to .5 AC
  • Site: Curbs, Public Street, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 447-422-09-00
  • Land Use Code: R3
  • Estimated Lot Dimensions: 141x37
  • Estimated Lot Sq Ft: 5319
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 2650
  • Annual Expense Actual: 4500
  • Annual Expense Projected: 4500
  • Gross Rent Multiplier Actual: 12.36
  • Gross Rent Multiplier Projected: 11.8
  • Gross Sched Income Actual: 3025
  • Gross Sched Income Projected: 3500
  • Number Of Buildings: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Range of Values:

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Sold Price
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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 Change Sq Ft Price
11/29/2024 11/29/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $1,475,000 +202.9% $628 / Sq Ft
11/23/2015 11/23/15 Sold $487,000 -2.4% $216 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $499,000 -- $222 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Duarte

    Seller's Agent in 2024

    Brian Duarte

    Millennial Realty Group

    (619) 985-1996

    2 in this area

    17 Total Sales

    Brian Duarte
    Section Image
  • Carolyn Yarbrough

    Seller's Agent in 2015

    Carolyn Yarbrough

    Yarbrough Group

    (619) 807-4090

    75 Total Sales

    Carolyn Yarbrough
    Section Image
  • Nikolas Mazzola

    Buyer's Agent in 2015

    Nikolas Mazzola

    Shorebreak Real Estate

    (619) 851-7680

    26 Total Sales

    Nikolas Mazzola
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 150051266

San Diego MLS

APN: 447-422-09-00

California San Diego County San Diego 92105 Corridor

4041 38th St, San Diego, CA

This home is located at 4041 38th St, San Diego, CA 92105 and is currently priced at $487,000, approximately $216 per square foot. This property was built in 1926. 4041 38th St is a home located in San Diego County with nearby schools including Central Elementary School, Wilson Middle School, and Herbert Hoover High School.

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