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Brian Aarestad, Sales Associate
SOLD
$1,575,000
Date 08/10/2023

838 41st Street
San Diego, CA 92102

Mixed Use, Business Opportunities
Residence
0.221
Lot Size
Listing Agent: Sean Bascom CalDRE: 01862044 - South Coast Commercial, Inc.

Description for 838 41st Street San Diego, CA 92102

The 41st Street apartments consists of three duplexes, each containing one 3BR/1BA and one 2BR/1BA unit. This property is located in the 92102 zip code just south and east of the rapidly gentrifying areas of Logan Heights, Sherman Heights, and City Heights. The duplexes are situated on a large, 9,628sqft lot, with 4,440sqft of improved space and pitched composition shingle roofs. The property features a highly desirable unit mix with three 3BR/1BA's and 3 2BR/1BA's. Tenants enjoy a private and fenced patio for each unit, communal laundry room, hard surface interiors and updated kitchens. The property has SIGNIFICANT with the potential to achieve north of a 7% pro-forma capitalization rate through an extensive remodel, rents are currently well below what the area will support for a renovated unit.

Property Details

230011659SD
Mixed Use, Business Opportunities, Other
San Diego
0.221 Acres
Stucco
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Listing Agent: Sean Bascom CalDRE: 01862044 - South Coast Commercial, Inc.
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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