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1553 57 S 40th

San Diego, CA 92113

– beds
– baths
– sqft
7,141 sqft lot
1957 build
– on site

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One of the best priced 4 unit deals in the city of San Diego. 1553-57 S 40th Street is located East of the 5 in the Southcrest neighborhood of San Diego, CA. The property is located in a part of San Diego enjoying tremendous growth between downtown San Diego development and all that is happening in Barrio Logan and National City alike. The property was originally built in 1957, and contains (4) 2bed+1bath units. There are two size-able storage units on-site for tenant use. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize storage units through ADU conversion or charging monthly.

Listed By CRMLS_CA / Michael Mignosa / The Browar Group

Last checked: Checking… • Last updated Jul 10, 2023 •

MLS# PTP2301837 —

The Building

Year Built:

1957
Building Area Total:

2964.00
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

2
Common Walls:

1 Common Wall
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

Front
Fireplace:

No
Laundry:

None

Location

Directions:

1553-57 S 40th
Latitude:

32.69009900
Longitude:

-117.10792100

The Property

Property Type:

Residential Income
Zoning:

R-2
Lot Features:

Corner Lot
Lot Size Area:

7141.0000
Lot Size Acres:

0.1639
Lot Size SqFt:

7141.00
Fence:

No
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

000531
Tax Lot:

08220

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5513110100

Heating & Cooling

Cooling:

No

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Included:

No

The Community

Neighborhood:

Southcrest
Features:

Gutters, Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/10/23 Jul 10, 2023	Sold	CRMLS_CA	$1,010,000	-7.8%
5/10/23 May 10, 2023	Pending	CRMLS_CA	$1,095,000
5/9/23 May 9, 2023	Relisted	CRMLS_CA	$1,095,000

Multifamily Sold on 7/10/2023

$1,010,000

Listing provided by broker:

Michael Mignosa

The Browar Group

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Listing Courtesy of: CRMLS_CA and The Browar Group. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Jul 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

1553 57 S 40th

San Diego, CA 92113