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1553 57 S 40th, San Diego, CA 92113
$1,010,000
1553 57 S 40th, San Diego, CA 92113View this property at 1553 57 S 40th, San Diego, CA 92113
1553 57 S 40thSan DiegoCA92113
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Property Description
One of the best priced 4 unit deals in the city of San Diego. 1553-57 S 40th Street is located East of the 5 in the Southcrest neighborhood of San Diego, CA. The property is located in a part of San Diego enjoying tremendous growth between downtown San Diego development and all that is happening in Barrio Logan and National City alike. The property was originally built in 1957, and contains (4) 2bed+1bath units. There are two size-able storage units on-site for tenant use. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize storage units through ADU conversion or charging monthly.
Full Property Details
Full Property Details for 1553 57 S 40th
General
- Sold For: $1,010,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PTP2301837
- Added to Site: 385 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 92113 - Logan Heights
- County: San Diego
- Development Name: 92113 - Logan Heights
- Driving Directions: 1553-57 S 40th
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front
- Square Feet: 2,964
- Year Built: 1957
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1639
- Zoning: R-2
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $340.76
- Price Per Unit: 273750
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed and Sold by The Browar Group, Michael Mignosa
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Schools
Schools serving 1553 57 S 40th
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1404 S 40th St, San Diego, CA 92113 | K-5 | 0.1 mi | |
1098 S 49th St, San Diego, CA 92113 | 6-8 | 1.1 mi | |
4777 Imperial Ave, San Diego, CA 92113 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1553 57 S 40th
Date
Details
Price
Change
Source
7/10/2023
Sold
$1,010,000
-7.76%
MLS
4/20/2023
Listed
$1,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1553 57 S 40th, San Diego, CA 92113 (MLS# PTP2301837) is a Multi-Family property that was sold at $1,010,000 on July 10, 2023. Want to learn more about 1553 57 S 40th? Do you have questions about finding other Multi-Family real estate for sale in Sherman Heights? You can browse all Sherman Heights real estate or contact a Coldwell Banker agent to request more information.