$1,875,000

Estimated payment $11,825/month

Total Views 4,486
7 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Wood Siding
  • 1-minute walk to Ward Canyon Neighborhood Park
  • Gated Home

About This Home

EXCEPTIONAL INVESTMENT OPPORTUNITY IN THIS 1985-BUILT PROPERTY The property is situated at the coveted northeastern border of Normal Heights and Kensington. Featuring an attractive unit mix predominately consisting of two-bedroom apartments, this property includes four single-car garges with potential for ADU conversion. The standout feature is the property's prime location directly adjacent to Ward Cayon Park (formerly 39th St Park), offering residents serene green space just steps away.

Last Listed By

Kevin Hemstreet

South Coast Commercial, Inc. License #01490629 Listed on: 03/14/2025

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 4,356 Sq Ft Lot
  • Gated Home
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Schools

  • San Diego Unified School District Elementary School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 440-592-08

Community Details

Overview

  • 4 Units
  • Adams Community

Pet Policy

  • No Pets Allowed

Building Details

  • Net Operating Income $72,291

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: 39th Street
  • Neighborhood: Normal Heights / Baja Kensington
  • LP / Sq Ft: 19.87
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1985
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Wood
  • Fencing: Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: Adams
  • Pets Allowed: No Pets Allowed
  • Community: NORMAL HEIGHTS

Schools

  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: CUPD-T-3-3
  • Assessor Parcel Number: 440-592-08
  • Estimated Number of Acres: 0.1

Rental Info

  • Tenant Pays: Other Fees

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 72291
  • Annual Expense Actual: 38925
  • Annual Expense Projected: 38935
  • Gross Rent Multiplier Actual: 16.0
  • Gross Rent Multiplier Projected: 13.0
  • Gross Sched Income Actual: 111216
  • Gross Sched Income Projected: 145140
  • Number Of Buildings: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Map

Range of Values:

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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
04/03/2025 04/03/25 For Sale $1,875,000 0.0% --
03/16/2025 03/16/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $1,875,000 -- --
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250021442

San Diego MLS

APN: 440-592-08-00