1020 41st St., San Diego, California 92102, San Diego, 92102 - 5 bed, 3 bath
ACTIVE$999,000
1020 41st St., San Diego, California 92102
5Beds
3Baths
1,606Sqft
2,800Lot
Price Vs. Estimate
The estimated value ($949,466.17) is $49,533.83 (4%) lower than the list price ($999,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Income Potential: Three fully permitted, turn-key units generating a substantial $6,500/month, offering excellent cash flow or mortgage offset for an owner-occupant or investor.
Top Cons:
Above Market Estimation: The current list price is 7% higher than the property's estimated value, potentially limiting immediate equity or requiring a strong justification for the premium.
Compared to the nearby listings
Price:$999.0K vs avg $800.0K (+$199,000)66%
Size:1,606 sqft vs avg 1,268 sqft72%
Price/sqft:$622 vs avg $72340%
More Insights
Built in 1939 (86 years old).
Condition: Despite being built in 1939, the property has undergone a complete and extensive renovation, as stated in the description. All three units feature new custom mahogany soft-close cabinets, quartz countertops, stainless steel appliances, farmhouse sinks, dual-pane windows, luxury vinyl flooring, and modern light fixtures (recessed lighting visible in images). Bathrooms are also fully updated with contemporary tiling and fixtures. The presence of owned solar, separate tankless water heaters, and individual electrical sub-panels further indicates a thorough and high-quality modernization. The property is described as 'Turn-Key' and 'Move-in ready,' aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Year Built
1939
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$622
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2506224
Home ConditionExcellent
Features
Deck
Patio
View-
About this home
Turn-Key 3-UNITS for the price of a single house! ADU & JADU are fully permitted & completely remodeled. SFR Front House, 2-BDRM, rents $2,400/mo. ADU Back House, 2-BDRM, rents $2,600/mo. Jr. ADU, Studio, rents $1,500/mo. Total rental income is $6,500/mo. Owned Solar. Each unit has beautiful custom mahogany soft-close cabinets, quartz counters, stainless steel appliances, farmhouse sinks, dual pane windows, luxury vinyl flooring, fans in the bedrooms, separate tankless gas water heaters, interior wall heater units, separate water shut-offs & individual electrical sub-panels. All units equipped with private laundry w/washers & dryers. Two units have over-sized and fully enclosed private patios! Move-in ready to live in one and rent the other two to help pay your mortgage or invest and rent all 3-units!
Nearby schools
7/10
Rowan Elementary School
Public,•K-5•0.6mi
7/10
Chollas/Mead Elementary School
Public,•K-5•0.7mi
4/10
Baker Elementary School
Public,•K-5•1.2mi
3/10
Porter Elementary School
Public,•K-6•1.5mi
3/10
Kimbrough Elementary School
Public,•K-5•1.6mi
3/10
Emerson/Bandini Elementary School
Public,•K-6•1.6mi
3/10
Chavez Elementary School
Public,•K-5•1.7mi
4/10
Rodriguez Elementary School
Public,•K-5•1.8mi
5/10
Balboa Elementary School
Public,•K-5•2.0mi
3/10
Burbank Elementary School
Public,•K-5•2.1mi
4/10
Rancho de la Nacion School
Public,•K-6•2.2mi
4/10
El Toyon Elementary School
Public,•K-6•2.2mi
5/10
Sherman Elementary School
Public,•K-5•2.2mi
5/10
Central Elementary School
Public,•K-6•2.8mi
4/10
Golden Hill K-8
Public,•K-8•1.0mi
3/10
Clark Middle School
Public,•6-8•1.7mi
2/10
Knox Middle
Public,•6-8•1.8mi
4/10
Logan K-8
Public,•K-8•1.8mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•2.0mi
3/10
Perkins Elementary School
Public,•K-8•2.7mi
5/10
Roosevelt International Middle School
Public,•6-8•2.9mi
4/10
National City Middle School
Public,•7-8•3.3mi
4/10
Granger Junior High School
Public,•7-9•3.6mi
4/10
Lincoln High School
Public,•9-12•1.2mi
5/10
Hoover High School
Public,•9-12•2.7mi
4/10
Crawford High School
Public,•9-12•3.0mi
5/10
Sweetwater High School
Public,•9-12•4.0mi
Condition Rating
Excellent
Despite being built in 1939, the property has undergone a complete and extensive renovation, as stated in the description. All three units feature new custom mahogany soft-close cabinets, quartz countertops, stainless steel appliances, farmhouse sinks, dual-pane windows, luxury vinyl flooring, and modern light fixtures (recessed lighting visible in images). Bathrooms are also fully updated with contemporary tiling and fixtures. The presence of owned solar, separate tankless water heaters, and individual electrical sub-panels further indicates a thorough and high-quality modernization. The property is described as 'Turn-Key' and 'Move-in ready,' aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons
Pros
High Income Potential: Three fully permitted, turn-key units generating a substantial $6,500/month, offering excellent cash flow or mortgage offset for an owner-occupant or investor.
Extensive Modern Renovation: All units are completely remodeled with high-quality finishes including custom cabinetry, quartz counters, stainless steel appliances, dual-pane windows, and luxury vinyl flooring.
Owned Solar System: The presence of owned solar panels provides a significant long-term benefit through reduced utility costs and increased property value.
Independent Unit Functionality: Each unit boasts separate tankless water heaters, electrical sub-panels, water shut-offs, and private in-unit laundry, enhancing tenant appeal and ease of management.
Permitted ADU & JADU: The ADU and JADU are fully permitted, ensuring legality and adding significant value and rental income potential without the hassle of unpermitted structures.
Cons
Above Market Estimation: The current list price is 7% higher than the property's estimated value, potentially limiting immediate equity or requiring a strong justification for the premium.
Compact Lot Size: A 2800 sqft lot is relatively small for a multi-unit property, which might restrict outdoor common areas or future expansion beyond the existing private patios.
Lack of Desirable Views: The property description explicitly states 'View: None,' which can be a disadvantage in the San Diego market where scenic vistas often command higher prices.