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  • MLS#: 260003902SD ( )
  • Street Address: 4530 38th St
  • Viewed: 1
  • Price: $2,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1943
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92116
  • Subdivision: Normal Heights
  • Provided by: Coldwell Banker West
  • Contact: Christopher Christopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to 45304536 38th Street, a fully remodeled fourplex ideally located in the vibrant and highly walkable community of Normal Heights. 3,224 Sqft Units just steps from University Heights, North Park, and Kensington, this property offers the charm, culture, and appreciation trends of all three neighborhoods while sitting in one of San Diegos most strategically located growth corridors. Extensively remodeled in late 2023, each unit has been upgraded with new windows, updated flooring, fresh interior paint, various improvements, and exterior enhancements. The result is a clean, modern, turnkey asset with strong in place income performance. Fully occupied, These Identical Units make about $156,000 in gross annual income, with Long term rents. However, the true upside is in short term rental positioning, bringing projected total gross revenue to roughly $234,000 per year. In a high demand rental corridor like this, that performance shift can dramatically enhance overall return. For a VA qualified buyer this presents a rare house hack opportunity. Living in one unit while renting the remaining three creates an immediate wealth building structure, and 0% Down Payment being priced within the conforming loan limit. As an investor, the RM 1 1 zoning, Alley Access, Transit Priority Area, Sustainable Development Area, and Complete Communities initiative, this parcel offers maximum development flexibility and density potential, subject to city approval. Turn key, Immediate income, Walkability, and Added Potential makes this the Ideal Investment, Owner User and Investors alike!
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Features
Appliances
  1. Gas Water Heater
Association Fee
  1. 0.00
Cooling
  1. Zoned
Country
  1. US
Heating
  1. Electric
  2. Zoned
Levels
  1. Two
Lot Features
  1. Sprinklers Manual
Netoperatingincome
  1. 115856.00
Parcel Number
  1. 4470521700
Park Name
  1. Normal Heights
Pool Features
  1. None
Roof
  1. Composition
Sourcesystemkey
  1. 260003902:SDP
Spa Features
  1. None
Subdivision Name Other
  1. Normal Heights
Tenant Pays
  1. Sewer
  2. Trash Collection
  3. Cable TV
  4. Electricity
Virtual Tour Url
  1. https://www.zillow.com/view-imx/8c8e45da-ada2-4e4b-9ece-1e6e4545a238?wl=true&setAttribution=mls&initialViewType=pano
Year Built
  1. 1943
Zoning
  1. RM 1-1