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3996 Gamma St
Metro Central San Diego 92113

$1,100,000
Residential Income beds: 5 baths: 2.0 0 sq. ft. built: 1927

Main Photo: Residential Income for sale : 5 bedrooms : 3996 Gamma St in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250022037
Bedrooms:
5
Bathrooms:
2
Year Built:
1927
Where else can you get 2 detached homes in the city of San Diego for $550K each with the ability to build up, or add an ADU to each of them? This is the best value available. Value add opportunity in the redevelopment zone. You can add sq footage to existing homes. And, you can add Adu's to each unit with room to expand. Potential to split lots and sell separately. Discover this outstanding investment opportunity on a corner lot with views of Coronado. Featuring two remodeled homes, each with their own fenced yards and separate entrances. The first unit offers two bedrooms and one bath, Garage while the second unit includes two bedrooms and one bath. Both units showcase newer kitchens, bathrooms, doors, water heaters, wall heaters, and fresh paint. Additional upgrades include new flooring in the Gamma St unit and beautifully restored oak floors in the 40th St unit. Both units currently rented by amazing long term tenants, both paid rent through covid and are low maintenance. This property is ideally located close to major freeways, Downtown San Diego, the Convention Center, Petco Park, and Seaport Village, enhancing its potential as an Airbnb or a live-in plus rental scenario. Tenants currently pay for electric and gas, adding to the investment appeal. With separate outdoor spaces for each unit, this property combines privacy with convenience, making it an excellent choice for both investors and those seeking a versatile living arrangement.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
3
County Or Parish:
San Diego
Market Area:
Metro Central
Neighborhood Code:
Shelltown
Name of Complex/Subdivision:
LOGAN HEIGHTS
Building Name:
San Diego
Total Building Area:
1,340 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
5
Bathrooms:
2
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
1927
Age (in years):
98 year(s)
Short Sale:
No
Home Owner Fees:
$0
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional
Cap Rate.:
1.41
Gross scheduled income:
56400.0
Other income actual:
0
Operating expense:
42324.0
Number of Units:
2
Number of Units with Cooling:
2
Tenant pays:
Electricity, Gas/Propane
Unit Number for Unit 2:
3996
Projected Rent for Unit 1:
$3,000
Projected Rent for Unit 2:
$2,500
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Wood/Stucco
Lot Size:
6,970 sq. ft.
Parcel Number:
551-301-13-00
Heating fuel:
Natural Gas
Cooling:
N/K
Roof:
Composition
Security:
N/K
Pets Allowed:
Yes
Zoning:
R-2:MINOR
Fencing:
Full
Possession Details:
Call Listing Agent
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Listed by eXp Realty of California, Inc
Data was last updated July 5, 2025 at 01:10 AM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$1,624,500
Min list price:
$695,000
Max list price:
$25,650,000
Avg days on market:
56
Min days on market:
2
Max days on market:
1,233
These statistics are generated based on the current listing's property type and located in Metro Central. Average values are derived using median calculations.
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 Multiple Listing Service, Inc. 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 Multiple Listing Service, Inc.