1553 57 S 40th, San Diego, CA 92113

About this property

One of the best priced 4 unit deals in the city of San Diego. 1553-57 S 40th Street is located East of the 5 in the Southcrest neighborhood of San Diego, CA. The property is located in a part of San Diego enjoying tremendous growth between downtown San Diego development and all that is happening in Barrio Logan and National City alike. The property was originally built in 1957, and contains (4) 2bed+1bath units. There are two size-able storage units on-site for tenant use. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize storage units through ADU conversion or charging monthly.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,010,000

Sold July 2023 · listed $1,095,000, on market April 2023 · MLS #PTP2301837 · Source: CRMLS

Listing Agent: Michael Mignosa · Listing Office: The Browar Group · Contact: 858-414-4398 · Bought with: Michael Mignosa · The Browar Group

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