3326 40th St - Apartments FOR SALE


San Diego, CA 92105- Castle
$1,299,500 USD
925-872-6746
3326 40th St, San Diego, CA for Sale
$1,299,500 USD
Apartments - FOR SALE
1/17
null | 5.59% Cap Rate

3326 40th St
San Diego, CA 92105
Castle


HIGHLIGHTS

  • Two separate Duplexes with individual APNs
  • $1,700,000 - $1,750,000 ARV as renovated individual sales
  • One Renovated, Move-in Ready Owner-User Unit
  • Private Yards for each Unit
  • Single Story, Vaulted Ceilings, Raised Foundation, & no more than one Shared Wall

OVERVIEW

3326–28 & 3330–32 40th Street present a unique opportunity for an owner-user, investor, or flipper to acquire two contiguous duplexes on separate APNs in a centrally located San Diego neighborhood. Each duplex features a 1,216 sq. ft. single-story structure comprised of two 2-bedroom / 1-bath units (approx. 608 sq. ft. each) with vaulted ceilings and private mid-size yards. One unit has been fully renovated and is move-in ready, offering immediate occupancy for an owner or solid rent potential for an investor. The properties feature lightly pitched roofs and raised foundations for easy maintenance, along with a total of 5 gas meters, 5 electric meters, and 1 water meter—with the additional gas and electric meters servicing the shared laundry room. There are 5 off-street parking spaces on site. For investors or renovators, there’s clear upside potential. A savvy buyer could modernize the remaining three units and sell each duplex individually at an estimated ARV of $1,700,000–$1,750,000. To facilitate separate sales, a second water meter would need to be established. Nestled in a quiet southwestern pocket of central San Diego known as Castle Park, the area is characterized by wide streets, single-family homes, and duplexes within the RS-1-7 zoning district. The location offers excellent accessibility to nearby retail, employment, and major freeways (I-15, I-805, I-8, and SR-94). Residents enjoy proximity to many of San Diego’s key employment and lifestyle hubs, all within a 5–15 minute drive—including Downtown San Diego, North Park, Fashion Valley, Mission Valley, SDSU, USD, Naval Base San Diego, and Scripps Medical Center.

FOR SALE DETAILS

PRICE

$1,299,500 USD

PRICE/SF

$534 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,875

CAP RATE

5.59%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

R2

APN/PARCEL ID

454-311-15,454-311-16

ASK ABOUT THIS PROPERTY

Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

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Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.