3870 37Th St, San Diego, CA 92105 - Berkshire Hathaway HomeServices California Properties
3870 37th St San Diego, CA 92105
$2,650,000 0 beds, 0 baths
4, 384 sqft

Agent Remarks

Turnkey 6-Unit Investment with Immediate Equity & Strong Cash Flow Potential. For investors seeking a strategic 1031 exchange or a high-demand, long-term buy-and-hold asset, this six-unit portfolio delivers immediate value. Priced at $2.65M, buyers step into built-in equity, with the units’ full market valuation closer to $2.9M—creating an instant advantage in today’s market. This offering includes six of eight total units in a well-maintained condo building. All units are currently tenant-occupied with month-to-month leases, providing flexibility for repositioning or seamless continuity of income. The property has historically low vacancy rates, reflecting strong rental demand in this sought-after, freeway-accessible yet quiet location. Unit Mix & Features: (2) 2BD/2BA (2) 2BD/1BA (2) 1BD/1BA Garages: Each 2-bedroom unit includes a private 1-car garage Shared Amenities: On-site laundry room, new common water heater. Recent Capital Improvements: New roof – reducing future CapEx Exterior fully renovated – Fresh paint, new doors, new fencing, repaired stucco, balconies, and facia - minimal deferred maintenance. Interiors are in solid condition, offering a low-maintenance investment with room for value appreciation. With a strong rent roll close to market rates, no major repositioning is required—yet there’s flexibility to optimize returns over time. Cash, nonQM, or hard money financing only. Investors looking for a turnkey asset with built-in equity and stable cash flow—this is it. Contact for full financials and details.

Listing Details

Property type: Com-Res Income (Multi-family)
Status: ACTIVE
MLS# 250020775
List price is $2,650,000
Beds: 0
Baths: 0
4,384 sqft
County: San Diego
Construction: Other/Remarks
Exterior features: Community Facilities,Part Fenced,Wood Fence
Parking description: Garages,Spaces,Other/Remarks
Amenities: None
Heating description: Central Forced Air Elec
MLS area: EAST SAN DIEGO (92105)

Last Updated: 3/26/2025

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This listing belongs to the EAST SAN DIEGO (92105) MLS area

Lat/Long: 32.749138, -117.113509.
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Listing Agent: Brietta R Klein
Lic#: 01234982
Office Name: Mission Viejo

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