$940,000
$987,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Alex Joehnk • Alex Joehnk Real Estate