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  • MLS#: 250020774SD ( Condominium )
  • Street Address: 3870 37th St
  • Viewed: 1
  • Price: $2,650,000
  • Price sqft: $604
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 4384
  • Bedrooms: 10
  • Total Baths: 8
  • Full Baths: 8
  • Garage / Parking Spaces: 10
  • Days On Market: 3
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92105
  • Subdivision: East San Diego
  • Building: East San Diego
  • Provided by: Real Broker
  • Contact: Brietta Brietta
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Turnkey 6 Unit Investment with Immediate Equity & Strong Cash Flow Potential. For investors seeking a strategic 1031 exchange or a high demand, long term buy and hold asset, this six unit portfolio delivers immediate value. Priced at $2.65M, buyers step into built in equity, with the units full market valuation closer to $2.9Mcreating an instant advantage in todays market. This offering includes six of eight total units in a well maintained condo building. All units are currently tenant occupied with month to month leases, providing flexibility for repositioning or seamless continuity of income. The property has historically low vacancy rates, reflecting strong rental demand in this sought after, freeway accessible yet quiet location. Unit Mix & Features: (2) 2BD/2BA (2) 2BD/1BA (2) 1BD/1BA Garages: Each 2 bedroom unit includes a private 1 car garage Shared Amenities: On site laundry room, new common water heater. Recent Capital Improvements: New roof reducing future CapEx Exterior fully renovated Fresh paint, new doors, new fencing, repaired stucco, balconies, and facia minimal deferred maintenance. Interiors are in solid condition, offering a low maintenance investment with room for value appreciation. With a strong rent roll close to market rates, no major repositioning is requiredyet theres flexibility to optimize returns over time. Cash, nonQM, or hard money financing only. Investors looking for a turnkey asset with built in equity and stable cash flowthis is it. Contact for full financials and details.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Electric Range
Association Amenities
  1. Maintenance Grounds
  2. Hot Water
  3. Insurance
  4. Water
  5. Pest Control
Association Fee
  1. 240.00
Association Fee Frequency
  1. Monthly
Commoninterest
  1. Condominium
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
  2. None
Country
  1. US
Eating Area
  1. Area
Fencing
  1. Wood
Garage Spaces
  1. 4.00
Heating
  1. Electric
  2. Forced Air
Laundry Features
  1. Gas & Electric Dryer Hookup
  2. Community
  3. Individual Room
Levels
  1. Two
Living Area Source
  1. Assessor
Parcel Number
  1. 44747227
Parking Features
  1. Off Street
Pool Features
  1. None
Property Type
  1. Condominium
Roof
  1. Composition
  2. Flat
Subdivision Name Other
  1. East San Diego
Uncovered Spaces
  1. 6.00
Water Source
  1. Public
Year Built
  1. 1980