4069 38th Street, San Diego, CA 92105
Commercial property · 2 recorded sales since 2013
Sold June 2023
Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #230006433SD · Source: CRMLS
About this commercial property
4069-75 38th Street is a 6-unit apartment community built in 1926 located in mid-city San Diego just minutes from North Park, Talmadge and Kensington as well as only blocks from Normal Heights. The market cap rate is 7.83% and the market GRM is 9.6. The beach and downtown San Diego are within a few miles. The desirable unit mix features two tandem 2 Bedroom / 1 Bath units and four 1 Bedroom / 1 Bath units, all of which are renovated separate cottages. The exterior renovations include new windows, new stucco, a new concrete walkway, and new pitched roofs. The interiors feature quartz countertops, new cabinets, as well as plank and tile flooring, with back doors to private yards with individual hot water heaters. There are 6 off-street parking spaces, 400 amp electrical service, and the structures are situated on a 6,748 square foot lot in an Opportunity Zone and Complete Communities Plan between El Cajon Blvd and University Avenue in mid-city San Diego.
Listing description from the June 2023 sale, as reported to CRMLS.
Sale history
