9-Unit Apartment
For Sale
$2,100,000
3837 39Th Street, San Diego, CA 92105
A mixed one- and two-bedroom layout includes secure entry, laundry, and off-street parking.
Property Size6,052 SF
Days on Market71
Property Features for 3837 39Th Street
General Information
Standard status
Active
Size
6,052 SF
Total Parking Spaces
9
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
9
Amenities
secure entrances
onsite coin-operated laundry
tankless water heaters
Building Details
Building Size
6,052 SF
Year Built
1970
Listing Agency:
Real Broker
Listed By:
Mike Shenkman · License #01460198
(619) 250-3931
Source:
Velocityrealtysd
Added: Aug 11
Changed: Oct 9
Last Checked: Oct 19 at 5:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9-unit apartment property, built in 1970, contains six 1-bedroom/1-bath residences and three 2-bedroom/1-bath residences. Property features include controlled entry points, onsite coin-operated laundry, and five open parking spaces alongside four garages. Tankless water heaters have been installed as a recent improvement.
The property is located at 3837 39th St in San Diego, with access to major freeways, public transportation, shopping, dining, employment centers, and neighborhood amenities. Walk Score is 88, Bike Score is 65, and Transit Score is 55. The central setting and documented unit mix provide a clear overview of the asset’s physical configuration and access characteristics.
The property is located at 3837 39th St in San Diego, with access to major freeways, public transportation, shopping, dining, employment centers, and neighborhood amenities. Walk Score is 88, Bike Score is 65, and Transit Score is 55. The central setting and documented unit mix provide a clear overview of the asset’s physical configuration and access characteristics.
Key Highlights
- 9‑unit property with six 1‑bedroom/1‑bath units and three 2‑bedroom/1‑bath units
- Four garages plus five additional open parking spaces
- Recently installed tankless water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,239
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,780
$2.3M
Cap Rate 7%
$1,617,700
$1.6M
Cap Rate 9%
$1,258,211
$1.3M
Market Conditions
NOI Build-Up for 6,052 SF
Gross rent
$217.9K $36.00/SF
− Vacancy
−$12.0K −$1.98/SF
EGI
$205.9K $34.02/SF
− OpEx
−$92.7K −$15.31/SF
NOI
$113.2K $18.71/SF
Area
ZIP 92105
Vacancy
5.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,780
Cap Rate 7%
$1,617,700
Cap Rate 9%
$1,258,211
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,239 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,326 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A mixed one- and two-bedroom layout includes secure entry, laundry, and off-street parking.
Where is this apartment building located?
The property is located at 3837 39Th Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 9‑unit property with six 1‑bedroom/1‑bath units and three 2‑bedroom/1‑bath units; Four garages plus five additional open parking spaces; Recently installed tankless water heaters
