San Diego, CA 92105,4242 37th Street
San Diego, CA 92105,4242 37th Street
San Diego, CA 92105,4242 37th Street
San Diego, CA 92105,4242 37th Street
San Diego, CA 92105,4242 37th Street
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$940,000

$987,000

4.8%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 09/01/2020

Key Details

Sold Price $940,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision City Heights

MLS Listing ID 200022551

Sold Date 09/01/20

HOA Y/N No

Year Built 1928

Property Description

Fixer 4-plex!- SOLD AS-IS. Price reflects condition. Huge potential for upside rent growth and increased value. Front 2 units are charming 2BR/1BA craftsman-- Rear building features 2 townhouse units with 2BR/1.5BA each 1,120sf, laundry room, and spacious bedrooms. Each unit comes with a 1-car Garage and an additional 5th garage for owner storage or additional rental income. Directly across the street is the new Wilson Jr. High School set to open in Fall 2020. Supplement to 4242-48 37h St: These 4 units with 5 Garages have tremendous upside potential for solid rental income. There are 2 older, but extremely charming, SFR’s on street featuring 2BR/1BA each. Across the back is a 2-story building featuring 2 units each with 2BR/1.5BA, a separate laundry room with half bath, 1,120 square feet, and a generous 1-car Garage. Although there are 2 APN’s it is one legal property with over 6,000 sf of lot size. Directly across from the subject is the beautiful brand new Wilson Jr. High School. Almost the entire block is being transformed into the technologically advanced new Jr. High School, a new Elementary School where the current Jr High is, a new Community Center, Arts Theater, and a 2-level solar parking structure along the El Cajon Blvd border of project. The school is nearing completion with plans for new curbs, gutters, and street resurfacing. With a little remodeling and updating these units will be a cash cow generator for the next Owner. Current Owner not distressed, but motivated to settle some outstanding Estate directives. Price reflects overall condition, as well as current market fluctuations and uncertainties. Neighborhoods: Teralta Other Fees: 0 Unit # for Unit 1: 4242 Unit # for Unit 2: 4246 Unit # for Unit 3: 4244 Unit # for Unit 4: 4248 Number of Furnished Units: 0 Topography: LL

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name None

Interior

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

Roof Type Composition

Building

Story Multi/Split

Entry Level Multi/Split

Level or Stories Multi/Split

Others

Tax ID 4472522400

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Gregory Scott • Pacific One Realty
Bought with Alex Joehnk • Alex Joehnk Real Estate
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