3326 40th Street, San Diego, CA 92105

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,299,500

Est. payment - /mo

2 Beds

6,719 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PTP2508010

Bedrooms 2

Lot Size 6,719 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Do not disturb tenants or enter property without approval. 332628 & 333032 40th Street present a unique opportunity for an owner-user, investor, or flipper to acquire two contiguous duplexes on separate APNs in a centrally located San Diego neighborhood. Each duplex features a 1,216 sq. ft. single-story structure comprised of two 2-bedroom / 1-bath units (approx. 608 sq. ft. each) with vaulted ceilings and private mid-size yards. There is a total unit count of Four with a total square footage of 2,432. One unit has been fully renovated and is move-in ready, offering immediate occupancy for an owner or solid rent potential for an investor. The properties feature lightly pitched roofs and raised foundations for easy maintenance, along with a total of 5 gas meters, 5 electric meters, and 1 water meterwith the additional gas and electric meters servicing the shared laundry room. There are 5 off-street parking spaces on site. For investors or renovators, theres clear upside potential. A savvy buyer could modernize the remaining three units and sell each duplex individually at an estimated ARV of $1,700,000$1,750,000. To facilitate separate sales, a second water meter would need to be established. Nestled in a quiet southwestern pocket of central San Diego known as Castle Park, the area is characterized by wide streets, single-family homes, and duplexes within the RS-1-7 zoning district. The location offers excellent accessibility to nearby retail, employment, and major freeways (I-15, I-805, I-8, and SR-94). Residents enjoy proximity to many of San Diegos key employment and life

Location

State CA

County San Diego

Direction GPS

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 4543111500

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Maxwell Brown Commercial Asset Advisors

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

3326 40th Street San Diego, CA 92105

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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