NOT LISTED FOR SALE

4170-72 40th St San Diego, CA 92105

Corridor Neighborhood
4 Beds
2 Baths
1,521 Sq Ft
1940 Built

Last Sold September 04, 2020

Last sale price $575,000 $378 Per Sq Ft

79 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 3-minute walk to Teralta Park
  • Level Lot

About This Home

As of September 2020

Back on market-no fault of property. Days on market don't reflect accurate market time. 2 on 1 in the heart of City Heights across from Teralta Park. Front unit just remodeled, including new kitchen with white cabinetry, solid countertops & stainless steel appliances. Bath is fully remodeled. New flooring (vinyl/carpeting) & new paint throughout. Front house has been rewired. Electrical updated, new water heater, and some windows have been replaced. Roofs (both) are approx. 10 yrs old. 2 courtyard areas. This is a great 1031 opportunity with loads of upside potential, property is in move in ready condition. It has been updated and updated with almost "new everything" fixtures, faucets, appliances, windows and new kitchen and bath. These properties always rent instantly, due to their fantastic location and easy freeway access and proximity to all.

Last Agent to Sell the Property

Lisa McAfee

eXp Realty of Southern California, Inc. License #01464477 Listed on: 05/13/2020

eXp Realty of Southern California, Inc.

Co-Listed By

Eric Matz

eXp Realty of Southern California, Inc. License #01024385

Last Buyer's Agent

Ryan McCall

Real Broker License #02019333

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 3,224 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash, cable TV, electricity, gas/propane
  • Assessor Parcel Number 447-361-28-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $25,173

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Orange Ave.
  • Neighborhood: City Heights
  • Supplement: This is a great 1031 opportunity with loads of upside potential, property is in move in ready condition. It has been updated and updated with almost "new everything" fixtures, faucets, appliances, windows and new kitchen and bath. These properties always rent instantly, due to their fantastic location and easy freeway access and proximity to all.
  • LP / Sq Ft: 18.33
  • Stories: 1 Story
  • Sale Price List Price: 1.05
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 447-361-28-00
  • Estimated Lot Sq Ft: 3224
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 25173
  • Annual Expense Actual: 9933
  • Annual Expense Projected: 10800
  • Gross Rent Multiplier Actual: 15.66
  • Gross Rent Multiplier Projected: 13.48
  • Gross Sched Income Actual: 35106
  • Gross Sched Income Projected: 40800
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

Range of Values:

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Average Value
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List Price
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
09/04/2020 09/04/20 Sold $575,000 +4.6% $378 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $549,900 -4.4% $362 / Sq Ft
05/22/2020 05/22/20 Off Market $575,000 -- --
05/22/2020 05/22/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $549,900 -- $362 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lisa McAfee

    Seller's Agent in 2020

    Lisa McAfee

    eXp Realty of Southern California, Inc.

    (858) 243-3722

    1 in this area

    65 Total Sales

    Lisa McAfee
    Section Image
  • Eric Matz

    Seller Co-Listing Agent in 2020

    Eric Matz

    eXp Realty of Southern California, Inc.

    (619) 733-8087

    1 in this area

    206 Total Sales

    Eric Matz
    Section Image

  • R

    Buyer's Agent in 2020

    Ryan McCall

    Real Broker

See All Agents

Map

Source: San Diego MLS

MLS Number: 200021467

San Diego MLS

California San Diego County San Diego 92105 Corridor

4170-72 40th St, San Diego, CA

This home is located at 4170-72 40th St, San Diego, CA 92105 since 13 May 2020. This property was built in 1940. 4170-72 40th 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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