NOT LISTED FOR SALE

4338-40 39th St San Diego, CA 92105

Normal Heights Neighborhood
6 Beds
5 Baths
3,150 Sq Ft
1980 Built

Last Sold March 30, 2022

Last sale price $1,630,000 $517 Per Sq Ft

150 Days on Market

Highlights

  • Community Barbecue Grill
  • Cross Fenced
  • Heating System Uses Natural Gas

About This Home

As of March 2022

4338-40 39th St is a four unit property consisting of one 1,100 SF 3 bed/2 bath house in the front, three huge 650 SF 1 bed/1 bath units in the back, and four single car garages facing the alley. This property lies above El Cajon Blvd in the Normal Heights neighborhood of Central San Diego. The owner has just renovated one of the one bedroom units upstairs and has a tenant ready to rent the unit at $1800/mo. A new owner has the opportunity to also convert the four garages in the back into multiple ADU's for immediate upside in value and extra cash flow or demo the front structure and add 5 units in exchange for 1 affordable unit, or break up the large 3-bed into two units. The owner recently renovated the interiors in that front house a few years ago. The property has a new water heater, the front house has new copper piping, no issues with the roof or structure, and the main plumbing line was replaced with new ABS pipes.

Last Agent to Sell the Property

Thinh Pham

AAAE Realty & Home Loans License #01455849 Listed on: 09/12/2021

Last Buyer's Agent

Keegan Wetzel

Real Broker License #02153342

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Cross Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 447-201-22

Community Details

Overview

  • Association fees include water
  • 2 Buildings
  • 4 Units
  • Complex Community

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $58,907

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: El Cajon BLVD
  • Neighborhood: Normal Heights
  • Stories: 2 Story
  • Sale Price List Price: 1.02
  • Total Stories: 2
  • Year Built: 1980
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Cross Fencing
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Electric, Gas
  • Heat Equipment: Radiant

Condo/Co-op/Association

  • Complex Name: Complex
  • Community: NORMAL HEIGHTS
  • Complex Features: BBQ
  • Home Owner Association Fee Includes: Water
  • Manager Name: Tim
  • Manager Phone: 8586032007

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Sidewalks
  • Assessor Parcel Number: 447-201-22

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 58907
  • Gross Rent Multiplier Actual: 19.0
  • Gross Rent Multiplier Projected: 12.0
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1
  • Other Income Actual: 2400

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $1,630,000 +1.9% $517 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
11/21/2021 11/21/21 Price Changed $1,599,000 +3.2% $508 / Sq Ft
09/12/2021 09/12/21 For Sale $1,549,000 -- $492 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Thinh Pham

    AAAE Realty & Home Loans

  • Keegan Wetzel

    Buyer's Agent in 2022

    Keegan Wetzel

    Real Broker

    (708) 256-7904

    3 in this area

    50 Total Sales

    Keegan Wetzel
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210025981

San Diego MLS

APN: 447-201-22-00

California San Diego County San Diego 92105 Normal Heights

4338-40 39th St, San Diego, CA

Not Listed for Sale

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