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Welcome to 4534-38 39th St in beautiful Normal Heights San Diego. The property consists of 3 completely detached buildings presenting an ideal unit mix of a 925 sqft 2 Bed / 1 Bath front house, a 925 sqft 2 Bed / 1.5 Bath two story rear house built in 2001, and a 400 sqft Studio ADU Cottage completed in 2021. Both front and rear houses have in-unit laundry, off-street parking for multiple cars, and private yards. The Studio ADU possess a small private yard. This multifaceted property can be purchased by a savvy owner occupier or an investor. An individual looking to purchase their own home may consider acquiring this building to live in one of the detached houses while simultaneously receiving passive income from the other two units. The property has solar panels with a lease in-place to reduce electricity costs. The property produces roughly $88,000 in gross scheduled annual income yielding roughly $57,500 net operating income after all expenses. An investor may elect to renovate the existing units to produce a forecasted $111,500 in full market rents. The property is priced to sell at $200 per sqft less than the comp set!
Property Type(s):
Residential Income
| Last Updated | 2/25/2025 | Year Built | 1928 |
|---|---|---|---|
| Community | Normal Heights | County | San Diego |
Additional Details
| AREA | Normal Heights |
|---|---|
| HOA DUES | 0 |
| LOT | 4767 sq ft |
| LOT DESCRIPTION | 36-40 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| ZONING | RM 1-1 |
Location
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Listed with Commercial Asset Advisors
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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