4530-36 38th St, San Diego, CA 92116
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4530-36 38th St, San Diego, CA 92116,Video Tour
4530-36 38th St, San Diego, CA 92116
4530-36 38th St, San Diego, CA 92116
4530-36 38th St, San Diego, CA 92116
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Kenny Patrick

Kenny Patrick

+1(619) 300-5535
$ 2,200,000
Est. payment /mo
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4530-36 38th St San Diego, CA 92116

8 Beds

4 Baths

5,732 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Normal Heights

MLS Listing ID 260003902

Bedrooms 8

Full Baths 4

Year Built 1943

Lot Size 5,732 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to 4530–4536 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 Diego's 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!

Location

State CA

County San Diego

Community Bbq, N/K

Area Metro Uptown

Zoning RM 1-1

Direction GPS

Interior

Heating Zoned Areas

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Full

Utilities Available Sewer Available

View Y/N Yes

Water Access Desc Available

View City, Evening Lights, Mountains/Hills

Roof Type Composition

Building

Story 2

Water Available

Level or Stories 2

Others

Senior Community No

Tax ID 447-052-17-00

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

Virtual Tour https://www.zillow.com/view-imx/8c8e45da-ada2-4e4b-9ece-1e6e4545a238?wl=true&setAttribution=mls&initialViewType=pano

MLS Router / San Diego MLS
Listed by Christopher T Burgos, DRE#02122669 Coldwell Banker West 

NEARBY SCHOOL & BUSINESS

Kenny Patrick

Kenny Patrick

Agent | License ID: 02001728

+1(619) 300-5535

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4530-36 38th St