Welcome to this adorable 4-unit property, perfectly positioned on a desirable corner lot in Normal Heights. This unique offering features a delightful mix of units: a free-standing 2-bedroom, 1-bath home, alongside a duplex with two 1-bedroom, 1-bath units, and an additional free-standing 1-bedroom, 1-bath residence. Each unit includes dedicated parking, with three detached garages and one attached garage for added convenience, in addition to ample street parking. These well-maintained units showcase beautiful hardwood floors and inviting built-ins that exude charm. Enjoy the ease of low-maintenance landscaping, along with newly installed sidewalks, gutters, windows, garage doors, fence and downspouts. With durable composition shingle roofs, this property is both stylish and practical. Ideal for first-time investors or those looking to occupy a unit with VA/FHA financing, this is an opportunity not to be missed. Experience the vibrant lifestyle Normal Heights has to offer! All tenants pay their own electricty. Two units (4548 & 3741) are separately metered so they pay their own water and sewer however the duplex (3739 & 3735) is not separately metered and is paid by the owner. Property is zoned Multi Family Dwellings 2+
Total Floor Area:
7,344 sq. ft.682 m2
Lot Size:
4,000-7,499 SF
Lot Size:
7,405 sq. ft.688 m2
Number of Buildings:
4
Number of Units:
4
Year Built:
1947
Stories:
1 Story
Total Stories:
1
Market Area:
Metro Uptown
Community:
NORMAL HEIGHTS
County:
San Diego
Neighborhood Code:
Normal Heights
Name of Complex/Subdivision:
n/a
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Sewer, Water, Electricity
Projected net operating income:
100485
Other income:
0
Annual expense actual:
16107
Projected annual expense:
21315
Cap Rate.:
4.76
Projected Cap Rate.:
6.49
Gross Rent Multiplier:
18.74
Projected Gross Rent Multiplier:
14.16
Gross scheduled income:
92040
Projected gross scheduled income:
121800
Unit Number for Unit 1:
3735
Finished Area for Unit 1:
675 sq. ft.62.7 m2
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2600.0
Total Rent for Unit 1:
1300.0
Projected Rent for Unit 1:
2250.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Detached
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
No
Unit Number for Unit 2:
3739
Finished Area for Unit 2:
675 sq. ft.62.7 m2
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1695.0
Total Rent for Unit 2:
1750.0
Projected Rent for Unit 2:
2250.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Detached
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
No
Unit Number for Unit 3:
3741
Finished Area for Unit 3:
675 sq. ft.62.7 m2
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2095.0
Total Rent for Unit 3:
1920.0
Projected Rent for Unit 3:
2250.0
Total Garage Spaces for Unit 3:
1
Garage for Unit 3:
Detached
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Unit Number for Unit 4:
4548
Finished Area for Unit 4:
900 sq. ft.83.6 m2
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
2850.0
Total Rent for Unit 4:
2700.0
Projected Rent for Unit 4:
3400.0
Total Garage Spaces for Unit 4:
1
Garage for Unit 4:
Detached
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Yes
38th Street
Site Influences:
Alley Access, Corner Lot, Curbs, Public Street, Sidewalks, Street Paved
Listed by Berkshire Hathaway HomeServices California Properties
Data was last updated January 15, 2025 at 03:10 PM (UTC)
Area Statistics
Listings on market:
59
Avg list price:
$1,500,000
Min list price:
$700,000
Max list price:
$4,500,000
Avg days on market:
55
Min days on market:
1
Max days on market:
523
Avg price per sq.ft.:
$254.93
These statistics are generated based on the current listing's property type
and located in
Metro Uptown. Average values are
derived using median calculations.
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