Property Details
About this Property
4502 40th St. is turn-key 6-unit apartment building located in the vibrant Normal Heights neighborhood. The buyer can assume the existing 3.76% Chase Loan which is interest + principle. The loan adjusts on Feb. 1, 2029. This is a 30-year loan that matures Feb. 1, 2052 with a ceiling of 9.5% and a floor of 2.5% All 6 units are remodeled. There is a new roof with a 10-year warranty, which was installed in May 2024 ($30,000 value). This investment property has a history of 100% occupancy, and the apartment is filled with excellent residents who all pay their rents on-time and all residents are current on their rental payments. 2 units are 1/1 and 4 units are 2/2. All units have been renovated with new kitchens, bathrooms with tiled walk-in showers, wood-like vinyl floors, etc. The latest remodel took place in 2024. Newer replacement windows throughout the building. Other capital expenditures include: upgraded, new sewer pipe from the building to the city sewer main. The property has an onsite laundry room that
MLS Listing Information
MLS #
SD240021335
MLS Source
San Diego MLS
Interior Features
Flooring
Concrete, Other, Vinyl
Heating
Radiant, Wall Furnace
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Zoning
R-3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $1,750 | – |
| 2 | – | – | 0/0 | – | $2,700 | – |
| 3 | – | – | 0/0 | – | $2,600 | – |
| 4 | – | – | 0/0 | – | $1,800 | – |
| 5 | – | – | 0/0 | – | $2,600 | – |
| 6 | – | – | 0/0 | $2,500 | $2,500 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
4502 40th St. is a Residential Income in San Diego, CA 92116. This – square foot property sits on a 5,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,125,000 and was built in –. This address can also be written as 4502 40th St., San Diego, CA 92116.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Monica Getz, (760) 746-7777
