4242 37th St, San Diego, CA 92105

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