4530 38th St, San Diego, CA 92116
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
Upcoming open houses
- Sun, Mar 2901:00 pm - 05:00 pm
Listed by: christopher burgos, luxika phillips
Office: coldwell banker west
MLS#:260003902SD
Source:CRMLS
Price summary
- Price:$2,200,000
About this home
Welcome to 4530–4536 38th Street, a fully remodeled fourplex ideally located in the vibrant and highly walkable community of Normal Heights. 3,224 Sqft Units just steps from University Heights, North Park, and Kensington, this property offers the charm, culture, and appreciation trends of all three neighborhoods while sitting in one of San Diego’s most strategically located growth corridors. Extensively remodeled in late 2023, each unit has been upgraded with new windows, updated flooring, fresh interior paint, various improvements, and exterior enhancements. The result is a clean, modern, turnkey asset with strong in-place income performance. Fully occupied, These Identical Units make about $156,000 in gross annual income, with Long term rents. However, the true upside is in short-term rental positioning, bringing projected total gross revenue to roughly $234,000 per year. In a high-demand rental corridor like this, that performance shift can dramatically enhance overall return. For a VA-qualified buyer this presents a rare house-hack opportunity. Living in one unit while renting the remaining three creates an immediate wealth-building structure, and 0% Down Payment being priced within the conforming loan limit. As an investor, the RM-1-1 zoning, Alley Access, Transit Priority Area, Sustainable Development Area, and Complete Communities initiative, this parcel offers maximum development flexibility and density potential, subject to city approval. Turn-key, Immediate income, Walkability, and Added Potential makes this the Ideal Investment, Owner-User and Investors alike!...
Contact an agent
Home facts
- Year built:1943
- Listing ID #:260003902SD
- Added:648 day(s) ago
- Updated:March 28, 2026 at 01:23 PM
Heating and cooling
- Cooling:Zoned
- Heating:Electric, Zoned
Structure and exterior
- Roof:Composition
- Year built:1943
- Lot area:0.13 Acres
- Lot Features:Sprinklers Manual
- Levels:2 Story
Finances and disclosures
- Price:$2,200,000
Features and amenities
- Appliances:Gas Water Heater
New listings near 4530 38th St
- New
$1,699,000Active4 beds 3 baths2,455 sq. ft.16920 Silver Pine Road, San Diego, CA 92127
MLS# CRPTP2602267Listed by: KELLER WILLIAMS LA JOLLA - New
$649,000Active3 beds 2 baths1,150 sq. ft.4863 Polk Ave., San Diego, CA 92105
MLS# 260007329SDListed by: COMPASS - New
$599,000Active2 beds 2 baths1,153 sq. ft.10400 Caminito Cuervo #264, San Diego, CA 92108
MLS# 260007326SDListed by: JOSEPH MARCOTTE, BROKER - New
$555,000Active2 beds 2 baths1,120 sq. ft.12453 Rios Rd, San Diego, CA 92128
MLS# 260007322SDListed by: COLDWELL BANKER REALTY - Open Sun, 1 to 4pmNew
$830,000Active2 beds 2 baths1,019 sq. ft.7275 Calabria Court #70, San Diego, CA 92122
MLS# 260007324SDListed by: ANTONY CHIPOUNOV, BROKER - Open Sun, 11am to 2pmNew
$599,000Active2 beds 2 baths920 sq. ft.10758 Dabney Drive #40, San Diego, CA 92126
MLS# NDP2602931Listed by: COASTAL PREMIER PROPERTIES - New
$399,000Active1 beds 1 baths664 sq. ft.6780 Friars Road #129, San Diego, CA 92108
MLS# CRNDP2602922Listed by: HARCOURTS ONE - New
$8,200,000Active-- beds -- baths10,162 sq. ft.4930 W Point Loma Blvd, San Diego, CA 92107
MLS# 260007321Listed by: ALLISON JAMES ESTATES & HOMES - New
$899,999Active2 beds 3 baths1,517 sq. ft.1080 Park Blvd #1802, San Diego, CA 92101
MLS# 260007302SDListed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$3,250,000Active-- beds -- baths801 Torrance Street, San Diego, CA 92103
MLS# 260007304SDListed by: MARCUS & MILLICHAP