CA > San Diego
San Diego, CA 92105,3738 Van Dyke Avenue
San Diego, CA 92105,3738 Van Dyke Avenue
San Diego, CA 92105,3738 Van Dyke Avenue
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$2,895,000
Est. payment /mo
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3 Beds
2 Baths
Price Dropped by $54K

3738 Van Dyke Avenue San Diego, CA 92105

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2501962

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

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 Heightswest of Fairmount Avenuethe 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, Farmers Market, and the bustling City Heights Center, which features Starbucks, Dennys, 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 property upgrades include new dual-pane windows, fresh exterior paint, and new roofs in process of installation. Currently, the asset generates strong in-place financial metrics, achieving a 5.91% cap rate on in-place rents and a 6.18% cap rate with the currently available rent increases. Investors looking to

Location

State CA

County San Diego

Direction GPS

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

MLS Router / San Diego MLS
Listed by Maxwell Brown Commercial Asset Advisors

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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3738 Van Dyke Avenue

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