3130 40th Street

San Diego, CA 92105

$1,045,000
Last Sold Price
5
Beds
2,022 Sq. Ft.
$517 / Sq. Ft.
2,022
Sq. Ft.
$517
per Sq. Ft.

Description

Looking for a Turnkey investment with zero vacancies? Look no further. FOR SALE, 3 units in San Diego's City Heights Neighborhood. There are 3 units in 2 buildings. 3130 40th St is a 2 bedroom, 1 bath, 832 Sq ft detached house remodeled 5 years ago.  Remodel included wood-like laminate flooring, quartz countertops, stainless steel appliances, including refrigerator and fixtures, kitchen and bathroom cabinets, tiled kitchen and bathroom backsplash, carpet, dual pane windows, and a new roof! It also...Looking for a Turnkey investment with zero vacancies? Look no further. FOR SALE, 3 units in San Diego's City Heights Neighborhood. There are 3 units in 2 buildings. 3130 40th St is a 2 bedroom, 1 bath, 832 Sq ft detached house remodeled 5 years ago.  Remodel included wood-like laminate flooring, quartz countertops, stainless steel appliances, including refrigerator and fixtures, kitchen and bathroom cabinets, tiled kitchen and bathroom backsplash, carpet, dual pane windows, and a new roof! It also has a laundry room off the kitchen with a full-size washer and dryer. 3132 is an ADU built in 2021 and consists of units A and B. ADU has solar and will be paid off at COE. The ADU is accessed through the alley and has an electric fence with remotes. Both have modern finishes, Stainless steel refrigerators, ovens, and hoods, plus Unit A has a dishwasher. Both have a full-size washer and dryer and 2 parking spaces each. All 3 Units have Mini Split A/C. All pictures were taken before the current tenants occupied the properties.
  1. Listed by Minerva Garcia • DRE #01301915 • Brokerage DRE #01481919 • Coldwell Banker West

Property Details for 3130 40th Street

Parking Spaces Total
6
Private Pool
No
Cooling Type
Other/Remarks
Total Units
3.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2022
Assessor Parcel Number
454-411-18-00

Location

Listing Courtesy of Coldwell Banker West, Minerva Garcia, DRE #01301915

Sold By Coldwell Banker West, Minerva Garcia, DRE #01301915

Add your commute
LISTING UPDATED: 05/03/2023 07:24 AM

Property Details for 3130 40th Street

StatusClosed
MLS #PTP2301195
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.16 AC / 7,064 SF
CountySan Diego County

Location

Listing Courtesy of Coldwell Banker West, Minerva Garcia, DRE #01301915

Sold By Coldwell Banker West, Minerva Garcia, DRE #01301915

Add your commute

Building Information for 3130 40th Street

Stories1Residences-Year Built1937Building Size-Lot Size0.16 AC / 7,064 SF

Payment Calculator

$6,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,703

Property Taxes

$615

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3130 40th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $75,600
  • Gross Scheduled Income: $75,600
  • Net Operating Income: $61,082
  • Cap Rate: 5.82
Expense Details
  • Operating Expense: $14,518
  • New Taxes Expense: $12,771
  • Cable TV Expense: $855
  • Fuel Expense: $0
  • Electric Expense: $647
  • Insurance Expense: $1,044
  • Maintenance Expense: $1,564
  • Professional Management Expense: $1,900
  • Trash Expense: $0
  • Water Sewer Expense: $1,329
  • Total Expenses: $20,110
Tax / Assessment Info
  • Tax Tract Number: 25.01/
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 123/31,32
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Other Structures: Shed(s)
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,360
  • Unit Type Total Rent: $2,360
  • Unit Type Pro Forma: 2596
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,190
  • Unit Type Total Rent: $2,190
  • Unit Type Pro Forma: 2409
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 3130 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3130 40th Street

Taxable ValueLand$294,854Additions$311,528Total$606,382
Tax Record2023$7,377 ($615 / month)
Home Facts
Total Finished SqFt2,022 SqFtAbove Grade Finished SqFt2,022 SqFtLot Size7,064 SqFtStyleMulti-Family Dwelling (2-4)Year Built1967ZoningR-2:MINOR MULCountySAN DIEGOAPN454-411-18-00

Schools near 3130 40th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Joyner Elementary School
PublicK to 5

Clark Middle School
Public6 to 8

Hoover High School
Public9 to 12

Health Sciences High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker West, Minerva Garcia, DRE #01301915

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