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Listed by Maxwell Brown • Commercial Asset Advisors
$ 2,895,000
Est. payment /mo
Price Dropped by $54K
3738 40 Van Dyke AVE San Diego, CA 92105
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2501962
Year Built 1980
Lot Size 0.268 Acres
Source California Regional MLS
Property Description
3738-40 Van Dyke Ave presents the opportunity to acquire a high-yield, 11-unit multifamily property in Central San Diego. Built in the 1980s, this well maintained asset offers significant upside potential, including the possibility for notable ADU development. Recent cap-ex includes new roofs in 2025, water supply line pulled from slab and re-routed to exterior of property, and dual pane windows in the last 10 years Ideally situated in the most desirable section of City Heights-west of Fairmount Avenue-the property benefits from a highly walkable location near retail centers, dining, and entertainment. Within just two blocks, residents have access to the City Heights Recreation Center, Park, Library, Mid-City Gym, Farmer's Market, and the bustling City Heights Center, which features Starbucks, Denny's, Chase Bank, El Super Market, and more. The property sits on an 11,695-square-foot lot and consists of two separate buildings, totaling 7,584 rentable square feet, with an additional 1,200-1,300 square feet of garage space. The unit mix includes (6) two-bedroom, one-bath units and (5) one-bedroom, one-bath units. On-site parking is ample, with 12 spaces in the front, 8 garage spaces in the rear, and an additional 3 parallel spaces if the garages are converted to ADUs. Recent prop
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Laundry Community Facility
Exterior
Garage Spaces 8.0
Pool None
Others
Special Listing Condition Not Applicable
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