4355 37th st, East San Diego, CA 92105

$4,495,000
List Price
$4,495,000
Status
ACTIVE
MLS#
220021175SD
Lot Size
9,278
Acres
0.213
Days on Market
45
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Pleased to present for sale 4355 37th St. – an 11 unit apartment building in the highly desirable Normal Heights neighborhood! Comprised of (7) 2bed/1bath units and (4) 1bed/1bath units with a 1-1 parking ratio, this property is an ideal unit mix. Major recent improvements include a new roof, new paint, several unit renovations, landscaping, foundation work, and more! This asset is currently generating a gross rental income of $16,509  with rental upside to $27,965. Located in Normal Heights, this property is walking distance to many shops, bars and restaurants. Renters can quickly access most areas of San Diego via the i805 and i15 Freeways, El Cajon Blvd to the south, and Adams Avenue to the north. This property lies in the complete communities zoning allowing for significant bonus density on development. This property lies in the complete communities zoning allowing for significant bonus density on development. The area is already experiencing an influx of new development projects which will continue to gentrify the community for the better.

Additional Information

Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Stucco
Roof
Composition
Attached Structure
Detached
Number Of Units Total
11
Gross Scheduled Income
$198,108
Operating Expense
82318

Listing courtesy of Listing Agent: Alexio Barbara (alexiobarbarascc@gmail.com) from Listing Office: South Coast Commercial, Inc..

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.