4530-4536 38th St, San Diego, CA 92116
Local realty services provided by:ERA North Orange County Real Estate
Upcoming open houses
- Sat, Feb 2112:00 pm - 03:00 pm
- Sun, Feb 2211:00 am - 02:00 pm
Listed by: christopher t burgos, luxika phillips
Office: coldwell banker west
MLS#:260003902
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$682.38
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!
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Home facts
- Year built:1943
- Listing ID #:260003902
- Added:2 day(s) ago
- Updated:February 21, 2026 at 02:32 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,224 sq. ft.
Heating and cooling
- Cooling:Zoned Area(s)
- Heating:Zoned Areas
Structure and exterior
- Roof:Composition
- Year built:1943
- Building area:3,224 sq. ft.
Utilities
- Water:Available
- Sewer:Sewer Available
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$682.38
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