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Closed
- Listed price
- $1,895,000
- Listed Nov 28, 2017
- Sold price
- $1,795,000
- Sold Jan 31, 2018
5,286 sqft lot00|17 MLS days on market
4354 38th St, San Diego, CA 92105
Property Description
Located in the high-demand Metro San Diego rental market, this 8 unit building offers tremendous income upside for long-term hold. Situated on a 6,254 square foot lot, with a mix of four 2 bedroom / 1 bath units and four 1 bedroom / 1 bath units. On site laundry room, 12 parking spaces inclusive of 4 garages and secured courtyard entry for all. This is an ideal property for investor seeking asset in high-demand rental market with predictable cash flows and relatively immediate upside to rental revenue with proper management going forward. All tenancy is month to month. Rents have been historically under-performing due to previous owner management. Recent placement under professional management has yielded $1,175 and $1,325 monthly rent for 1 bed units contracted 5/1/2017 and 8/16/2017 respectively. Those two units received minor reconditioning in the way of paint and mid-grade hard surface flooring to yield current rents. Market rents are conservatively $1,325 -$1,425+ on 1 bed and $1,495-$1,595+ on 2 bed units for the area. Projected cap rate of 7.00% is very realistic. Trustee sale. Priced to move. No problem tenancy or litigation. Hurry! Amenities: None Exterior: ,,
Listing agent: Dane LafontaineDRE #01204435dane@sandiegohomesellers.com, Listing office: Big Block Realty, Inc.
MLS data updated 11/1/2026, 9:12:26 AM PT
Source: CRMLSMLS #: 170060930
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,795,000
Jan 31, 2018
Available records12018
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92105 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92105 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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