4040 Chamoune Avenue

San Diego, CA 92105

$930,000
Last Sold Price
3
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this high potential, multi-family home in the heart of San Diego. This unique property presents an incredible opportunity for someone looking to offset their mortgage as their primary or for an income producing property with tenants in place. The front unit is a detached Craftsman home with 2 bd/1 Ba. The back 2 story building consists of a studio, 1 bedroom/1bath unit, and a garage. Potential buyers can explore converting garage to additional unit after it is theirs. The property features...Welcome to this high potential, multi-family home in the heart of San Diego. This unique property presents an incredible opportunity for someone looking to offset their mortgage as their primary or for an income producing property with tenants in place. The front unit is a detached Craftsman home with 2 bd/1 Ba. The back 2 story building consists of a studio, 1 bedroom/1bath unit, and a garage. Potential buyers can explore converting garage to additional unit after it is theirs. The property features a side entrance for tenants, rear alley access and is fully gated and fenced. A shared common space patio between buildings for outdoor entertainment and leisure. Washer/Dryer hookups in common space patio. Ample parking for all units including 4 driveway spots, alley access into the garage and street parking. Do not disturb tenants.
  1. Listed by Taylor Adams • DRE #02056552 • Brokerage DRE #01810824 • RE/MAX Connections
  2. Listed by Bob Adams • DRE #00683256 • Brokerage DRE #01810824 • RE/MAX Connections

Property Details for 4040 Chamoune Avenue

Zoning
R-4:MULTIP
Cross Streets
University Ave & Chamoune Ave
Source Living Area
Assessor
Area
East San Diego (ESD)
Lot Size Area
3753
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0

Location

Listing Courtesy of RE/MAX Connections, Taylor Adams, DRE #02056552; RE/MAX Connections, Bob Adams, DRE #00683256

Sold By Coldwell Banker West, Melissa Goldstein Tucci, DRE #01380034

Add your commute
LISTING UPDATED: 07/31/2023 10:47 AM

Property Details for 4040 Chamoune Avenue

StatusSold
MLS #230011992SD
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.09 AC / 3,753 SF
CountySan Diego County

Location

Listing Courtesy of RE/MAX Connections, Taylor Adams, DRE #02056552; RE/MAX Connections, Bob Adams, DRE #00683256

Sold By Coldwell Banker West, Melissa Goldstein Tucci, DRE #01380034

Add your commute

Building Information for 4040 Chamoune Avenue

Stories2Residences-Year Built1945Building Size-Lot Size0.09 AC / 3,753 SF

Payment Calculator

$5,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4040 Chamoune Avenue

Community / Development
Community / Development
  • Complex Name: City Heights Annex 1
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Builders Tract Name: City Heights Annex 1
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Security Bars
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Financing: VA
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $58,800
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 4200
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.09
  • Lot Description: Curbs, Sidewalks, Street Paved
  • Lot Location: Alley Access
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Assumable, Cal Vet Loan, Cash, Conventional, Exchange, FHA, VA
  • Tenant Pays: Electricity, Gas/Propane, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,075.00
  • Unit Actual Rent: $2,075.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Baths: 1
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,575.00
  • Unit Actual Rent: $1,575.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1

Property History for 4040 Chamoune Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4040 Chamoune Avenue

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
Euclid 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 RE/MAX Connections, Taylor Adams, DRE #02056552; RE/MAX Connections, Bob Adams, DRE #00683256

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