Homes for sale - 3870 37th St, San Diego, CA 92105

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Isaiah Crespin Ortiz

isaiahortiz.re@gmail.com +1(619) 919-6307

$ 2,650,000

Est. payment | -/mo

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$ 2,650,000

Est. payment | -/mo

Save Virtual Tour Video Tour

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250020775

Property Sub-Type Condo

Property Description

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 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.

Location

State CA

County San Diego

Area East San Diego (92105)

Interior

Heating Central Forced Air Elec

Cooling Wall/Window

Flooring Other/Remarks

Laundry Owned

Exterior

Exterior Feature Community Facilities, Part Fenced, Wood Fence

Parking Features Garages, Spaces, Other/Remarks

Roof Type Composition,Tile,Other/Remarks

Total Parking Spaces 6

Building

Story 2

Others

Acceptable Financing Cash, Other/Remarks

Space Rent $162,000

Listing Terms Cash, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250020775

Listed by Brietta R Klein • Real Broker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 919-6307

isaiahortiz.re@gmail.com

6050 Santo Rd Suite 270, Diego, California, 92124, United States

3870 37th St San Diego, CA 92105