See all 43 photos

$2,099,000

Est. payment - /mo

7,001 Sqft Lot

New

4114-20 39th St San Diego, CA 92105

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jan

Sat

Jan

Sun

Jan

Jeff Whittington

Keller Williams Realty

jeff@whittingtonre.com +1(858) 361-9090

UPDATED:

01/05/2025 12:34 AM

Key Details

Property Type Commercial

Sub Type Other/Remarks

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250000276

Lot Size 7,001 Sqft

Acres 0.16

Property Description

Exceptional Investment Opportunity in Cherokee Point – Fully Renovated 5-Unit Property This fully renovated, turnkey 5-unit multifamily property in Cherokee Point offers an exceptional blend of modern upgrades and investment potential. The property features three detached 2-bedroom, 1-bathroom craftsman cottages with private yards and laundry hookups, along with a two-story duplex comprising two 1-bedroom, 1-bathroom units that share a common laundry room. Four single-car garages provide additional income potential, with a feasibility study confirming their conversion into two accessory dwelling units (ADUs). All units have been thoughtfully updated with new kitchens, appliances, flooring, lighting, fresh paint, bathrooms, roofs, windows, HVAC systems, plumbing, electrical. The landscaped community includes outdoor seating areas, a dog run, automatic sprinklers, mature trees, and a block wall with a secure privacy gate, ensuring an inviting and safe environment. Currently fully leased with 12-month contracts at market rates, the property offers immediate cash flow with a 5.86% cap rate. Located in a Transit Priority Area (TPA), it also has significant upside potential, with zoning allowing for up to 16 additional units. A feasibility study is available, detailing costs and timelines for expansion and garage conversions. Less than a block from a park and school, this gated property is ideal for investors, multigenerational living, or owner-occupancy with rental income. Don't miss this rare opportunity to acquire a stabilized asset with future growth potential.

Location

State CA

County San Diego

Area East San Diego (92105)

Zoning RM 2-5

Interior

Heating Central Forced Air Elec

Cooling Central Forced Air Elec

Flooring Vinyl

Exterior

Exterior Feature All Auto Sprinklers, Cable Available, Community Facilities, Front Sprinklers, Fully Landscaped, Rear Sprinklers, Security Bars

Parking Features Garages, Spaces, Other/Remarks

Roof Type Other/Remarks

Total Parking Spaces 4

Building

Story 2

Lot Size Range .25 Acres or less

Others

Acceptable Financing Cash, Exchange Down, Exchange Up, FHA, VA, Other/Remarks

Space Rent $155,940

Listing Terms Cash, Exchange Down, Exchange Up, FHA, VA, Other/Remarks

Listed by Seth Struiksma • Compass

GET MORE INFORMATION

Jeff Whittington

Broker Associate | License ID: 01893647

+1(858) 361-9090

4114-20 39th St San Diego, CA 92105

Jeff Whittington

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

4114-20 39th St