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$2,650,000

Est. payment - /mo

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10 BD

8 BA

4,384 SqFt

New

3870 37th St San Diego, CA 92105

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Lorena Chambers

lorena@verdieckchambers.com +1(619) 203-5182

UPDATED:

03/10/2025 04:18 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 4,384 sqft

Price per Sqft $604

Subdivision East San Diego

MLS Listing ID 250020774

Style Detached

Bedrooms 10

Full Baths 8

HOA Fees $240/mo

HOA Y/N Yes

Year Built 1980

Property Sub-Type Condominium

Property Description

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.

Location

State CA

County San Diego

Community East San Diego

Area East San Diego (92105)

Building/Complex Name Villa 37

Rooms

Family Room 12x10

Master Bedroom 10x10

Bedroom 2 10x10

Bedroom 3 10x10

Bedroom 4 10x10

Bedroom 5 10x10

Living Room 12x10

Dining Room 12x10

Kitchen 5x10

Interior

Heating Electric

Cooling Wall/Window, N/K

Equipment Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Range

Appliance Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Range

Laundry Community, Laundry Room

Exterior

Exterior Feature Stucco

Parking Features Attached

Garage Spaces 4.0

Fence Wood

Roof Type Composition,Tile/Clay,Flat

Total Parking Spaces 10

Building

Story 2

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Public

Level or Stories 2 Story

Others

Ownership Condominium

Monthly Total Fees $240

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250020774

Listed by Brietta R Klein • Real Broker

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Lorena Chambers

Agent | License ID: 02187197

+1(619) 203-5182

3870 37th St San Diego, CA 92105

Lorena Chambers

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3870 37th St