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259-261 39th St

San Diego, CA 92113
  • $850,000
  • STATUS: PENDING
  • ON SITE: 36 Days
  • ID#: 240028729
Pending
UPDATED: 182 min ago
$850,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,617
    SQFT
  • $526
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

This remarkable income producing property is the perfect opportunity for an investment and/or multi-generational living! Fully renovated in the vibrant Logan Heights neighborhood, this property offers two single-story detached units on a generous 5,516 sq. ft. lot! The front unit (renovated in 2024) features 2 bedrooms and 1 bathroom with 717 sq. ft. of living space and boasts new flooring, appliances, countertops, fixtures, bathrooms, ceiling fans, and fresh interior/exterior paint, while the back unit (renovated in 2020) features 3 bedrooms and 1 bathroom with 900 sq. ft. of living space and similar upgrades. Each unit is equipped with its own HVAC system, dishwasher, and washer & dryer for ultimate convenience. Enjoy spacious front patios, ample outdoor living space, parking for up to 5 vehicles, a solar system and a storage shed. The front unit is vacant and move-in ready, while the back unit has tenants in place—giving buyers the option to assume a steady rental income. Located just minutes from iconic San Diego attractions such as Balboa Park, Petco Park, the Gaslamp Quarter, pristine beaches, and top-tier shopping and dining, this property is perfect for short-term or long-term rentals or as a multi-generational living opportunity. Don't miss this exceptional investment opportunity!

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/158961305
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259-261 39th St San Diego, CA 92113

  • Price: $850,000
  • Status: PENDING
  • On Site: 36 Days
  • Updated: 182 min ago
  • ID#: 240028729
5
Beds
2
Baths
0
½ Baths
N/A
Acres
1,617
SQFT
$526
$/SQFT
1930
Built
Neighborhood:
Logan Heights
County:
San Diego
Area:
Logan Heights (92113)
Property Description
This remarkable income producing property is the perfect opportunity for an investment and/or multi-generational living! Fully renovated in the vibrant Logan Heights neighborhood, this property offers two single-story detached units on a generous 5,516 sq. ft. lot! The front unit (renovated in 2024) features 2 bedrooms and 1 bathroom with 717 sq. ft. of living space and boasts new flooring, appliances, countertops, fixtures, bathrooms, ceiling fans, and fresh interior/exterior paint, while the back unit (renovated in 2020) features 3 bedrooms and 1 bathroom with 900 sq. ft. of living space and similar upgrades. Each unit is equipped with its own HVAC system, dishwasher, and washer & dryer for ultimate convenience. Enjoy spacious front patios, ample outdoor living space, parking for up to 5 vehicles, a solar system and a storage shed. The front unit is vacant and move-in ready, while the back unit has tenants in place—giving buyers the option to assume a steady rental income. Located just minutes from iconic San Diego attractions such as Balboa Park, Petco Park, the Gaslamp Quarter, pristine beaches, and top-tier shopping and dining, this property is perfect for short-term or long-term rentals or as a multi-generational living opportunity. Don't miss this exceptional investment opportunity!
Exterior Features

Exterior Stucco Fencing Full Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 5.13 Age Restrictions N/K Annual Expense Actual 641 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community LOGAN HEIGHTS Complex Park N/A Cross Streets Imperial Ave Gross Rent Multiplier Actual 14.5 Gross Scheduled Income Actual 4800 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays WaterElectricity Terms CashConventionalFHAVA Unit1 Deposit 2100 Unit1 Occupied Vacant Unit1 Rent Actual 2100.0 Unit2 Deposit 2700 Unit2 Occupied Tenant Unit2 Rent Actual 2667.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Mike Chiesl of Real Broker: 760-473-0000. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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