




4530 38th Street, San Diego, CA 92116
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!
Bedrooms
8
Bathrooms
4
Square Feet
3,224
Year Built
1943
Property Type
Single Family Residence
Days on Market
1
HOA Fee
N/A
Garage Total
0
MLS #
260008057SD
Interior Features
Balcony, Ceiling Fans, Eat In Kitchen, Granite Counters, Open Floorplan, Storage, Unfurnished, Bedroom On Main Level, Main Level Primary, Walk In Closets
Flooring
Tile, Wood
Accessibility
Safe Emergency Egress From Home, Parking, Accessible Entrance
Appliances
Barbecue, Built In, Counter Top, Dishwasher, Energy Star Qualified Appliances, Energy Star Qualified Water Heater, Electric Cooking, Disposal, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Water Heater
Laundry
Electric Dryer Hookup, Inside
Cooling
Electric, Energy Star Qualified Equipment, High Efficiency, Zoned
Heating
Electric, Energy Star Qualified Equipment, High Efficiency, Zoned
Total Parking Spaces
10
Open Parking Spaces
10
Parking Features
Assigned, Concrete, Driveway, Garage, Guest, Other, Private, One Space, Side By Side, Tandem, Uncovered
Fencing
Wood
Security
Security System, Closed Circuit Cameras, Twenty Four Hour Security, Smoke Detectors
Construction
Stucco
Roof
Composition, Shingle
Lot Features
Sprinklers In Front, Sprinkler System
Water Source
Public
Barbecue
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features
Topfind Realty, DRE # 02240815, is a licensed real estate broker in California. Topfind Realty pledges to support the Fair Housing Act and adhere to Equal Housing Opportunity laws.
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