4530 38th St, San Diego, CA 92116
4530 38th St, San Diego, CA 92116,Video Tour
4530 38th St, San Diego, CA 92116
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$2,200,000
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5,732 Sqft Lot
Active

4530 38th St San Diego, CA 92116

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Dave Dennis

Dave Dennis

+1(619) 987-9484

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Normal Heights

MLS Listing ID 260003902SD

HOA Y/N No

Year Built 1943

Lot Size 5,732 Sqft

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

Area 92116 - Normal Heights

Building/Complex Name Normal Heights

Zoning RM 1-1

Interior

Heating Electric, Zoned

Cooling Zoned

Fireplace No

Appliance Gas Water Heater

Exterior

Pool None

View Y/N Yes

Roof Type Composition

Private Pool No

Building

Lot Description Sprinklers Manual

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4470521700

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

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

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

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Listed by Christopher Burgos Coldwell Banker West #02122669

NEARBY SCHOOL & BUSINESS

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Dave Dennis

Dave Dennis

Agent | License ID: 01343870

+1(619) 987-9484

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