3711-3719 35Th St

San Diego, CA 92104 View Map $990,000 Ask a Question
Beds5
Baths4
Sq.Ft.3,472
Year1942
Joy Bender

Joy Bender

(760) 212-2717
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Status: Sold
Listing Office:Coldwell Banker West
Property Type:Res Income 2-4 Units
MLS #:190039162
Sq. Feet:3,472
Date Sold:3/6/2020
Lot Size:0.08 Acres
County:San Diego
Beautifully maintained 4 unit property in Cherokee Point. Property consists of (3) 1 bedroom, 1 bath units and (1) 2 bedroom, 1 bath, a 2 car garage and a 1 car garage and 2 additional parking spots. Units to be sold in conjunction with MLS#190039160 (a 3 bedroom 1.5 bath home listed at $600,00). On record they are two separate parcel numbers, but real make-up of property is 5 units. Each parcel can be financed separately to avoid commercial financing. Property is located within an "opportunity zone".

"Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged."

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/9/2020$1,100,000$990,000-10%

Community Information

Address:3711-3719 35Th St San Diego, CA 92104
Area:North Park (92104)
County:San Diego
City:San Diego
Area (MLS Code):Metro Uptown
Subdivision:Cherokee Point
Zip Code:92104
Community:NORTH PARK

School Information

High School:San Diego Unified School District
Middle School:San Diego Unified School District
Elementary School:San Diego Unified School District

Architecture

Bedrooms: 5
Bathrooms: 4
Year Built:1942
Stories:2
Exterior: Stucco, Wood, Wood/Stucco
Total Stories: 2
Unit 1: 1 bed, 1 bath. Rent: $1025.0
Unit 2: 1 bed, 1 bath. Rent: $960.0
Unit 3: 1 bed, 1 bath. Rent: $1100.0
Unit 4: 2 beds, 1 bath. Rent: $1100.0
Roof: Composition, Tile/Clay
Parking for RV: Gated

Features / Amenities

Total Sq. Ft.:3472
View: Evening Lights
Heating: Wall/Gravity
Heat Source: Natural Gas
Water Heater: Gas

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Size: 0.08 Acres
Lot Dimensions:1-3,999 SF
Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
Irrigation: Sprinklers
Topography: Level
Complex Features: Laundry Facilities
Water: Meter on Property
Sewer: Sewer Connected
Telecommunications: Cable (coaxial)
Fencing: Full, Gate
Zoning:R-3:RESTRI
Directions:University to 35th, south to property.

Tax and Financial Info

Gross Sched Income Actual: $45, 240
Gross Sched Income Projected: $66, 600
Annual Expense Actual: $11, 310
Annual Expense Projected: $17, 550
Cap Rate Actual: $3
Cap Rate Projected: $4
Tenant Pays: Electricity
Terms: Cash, Conventional, FHA, VA

Schools

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Listing information last updated on May 30, 2020 2:15 AM EST.