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Listed by Maxwell Brown • Commercial Asset Advisors
$ 2,949,500
Est. payment /mo
Active
3738 40 Van Dyke AVE San Diego, CA 92105
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2501962
Originating Board California Regional MLS
Year Built 1980
Lot Size 0.268 Acres
Property Description
3738-40 Van Dyke Ave presents an exceptional opportunity to acquire a high-yield, 11-unit multifamily property in Central San Diego. Built in the 1980s, this well-maintained asset offers significant upside potential, including the possibility for notable ADU development. Ideally situated in the most desirable section of City Heights-west of Fairmount Avenue-the property benefits from a highly walkable location near retail centers, dining, and entertainment. Within just two blocks, residents have access to the City Heights Recreation Center, Park, Library, Mid-City Gym, Farmer's Market, and the bustling City Heights Center, which features Starbucks, Denny's, Chase Bank, El Super Market, and more. The property sits on an 11,695-square-foot lot and consists of two separate buildings, totaling 7,584 rentable square feet, with an additional estimated 1,200-1,300 square feet of garage space. The unit mix includes (6) two-bedroom, one-bath units and (5) one-bedroom, one-bath units. On-site parking is ample, with 12 spaces in the front, 8 garage spaces in the rear, and an additional 3 parallel spaces if the garages are converted to ADUs. Recent property upgrades include new dual-pane windows, fresh exterior paint, and new roofs in process of installation. Currently, the asset generates
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Laundry Community Facility
Exterior
Garage Spaces 8.0
Pool None
Others
Special Listing Condition Not Applicable
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