Property listed by Real Broker, Brietta Klein 858-472-7262
3870 37th St
San Diego, CA 92105
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… Read More 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. Read Less
$2,650,000
Listing Snapshot
Days Online
93
Last Updated
Property Type
Mixed Use
MLS Number
250020775SD
30 Days Snapshot Of 92105
$659k
+1%
(avg) sold price
14
-46%
homes sold
51
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Cooling
WallWindowUnits
Expenses
Operating expense: $34,980
Heating
ForcedAir
Parking
6 totals parking
Roof
Composition, Tile
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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