$1,650,000
SOLD FEB 13, 2025
1 Bed
1 Bath
5,080 Sq Ft
0.29 Acres

Recently Sold

$325 Per Sq Ft

13% Below List Price

136 Days on Market

About This Home

As of February 2025

4357-63 39th Street is a 9-unit apartment community consisting of multiple single-story structures totaling 5,080 square feet built in 1926 and situated on a 12,666 lot. All the units are 1 Bedroom / 1 Bathroom and there are 9 garages, four of which are located at 4358 40th Street APN 447-202-23-00. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Like other urban San Diego communities, Cherokee Point and City Heights have a high rate of pedestrian activity, relative to other regions of San Diego County. City Heights and Cherokee Point are some of the most diverse communities in San Diego. Businesses and residential neighborhoods aLike reflect this diversity. There have been many redevelopment projects by the city of San Diego in City Heights and Cherokee Point and an improvement of the tenant-base over the last decade.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 07/19/2024

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 1 Bedroom
  • 5,080 Sq Ft Home
  • 1-Story Property

Additional Features

  • 0.29 Acre Lot
  • Number of ADU Units: 9

Listing and Financial Details

  • Total Actual Rent $12,816

Community Details

Overview

  • 7 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • Operating Expense $147,640

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Property Sub Type: Com-Res Income
  • CapRate: 5.19
  • Co List Office Mls Id: 990885
  • Living Area: 5080.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-14T00:30:28Z
  • FullAddress: 4357-63 39th Street
  • NumofLeasedApartments: 9
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 1

Lot Info

  • Lot Size Sq Ft: 12666.0

Multi Family

  • Number Of Buildings: 7
  • Number Of Units Total: 9
  • Annual Operating Expense: 147640.0
  • Total Actual Rent: 12816.0
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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
02/13/2025 02/13/25 Sold $1,650,000 -4.1% $325 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $1,720,000 -9.0% $339 / Sq Ft
11/07/2024 11/07/24 For Sale $1,890,000 +14.5% $372 / Sq Ft
10/30/2024 10/30/24 Off Market $1,650,000 -- --
07/26/2024 07/26/24 For Sale $1,890,000 -- $372 / 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 $7,955 $1,662,600 $1,224,000 $438,600
2024 $7,955 $635,220 $324,996 $310,224
2023 $7,775 $622,766 $318,624 $304,142
2022 $7,569 $610,556 $312,377 $298,179
2021 $7,518 $598,585 $306,252 $292,333
2020 $7,429 $592,448 $303,112 $289,336
2019 $7,298 $580,832 $297,169 $283,663
2018 $6,830 $569,444 $291,343 $278,101
2017 $82 $558,280 $285,631 $272,649
2016 $6,558 $547,334 $280,031 $267,303
2015 $6,461 $539,113 $275,825 $263,288
2014 $6,361 $528,553 $270,422 $258,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240017483

San Diego MLS