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5738-42 Meade Ave

San Diego, CA 92115
  • $1,395,000
  • STATUS: ACTIVE
  • ON SITE: 24 Days
  • ID#: 250017233
UPDATED: 32 min ago
$1,395,000
  • 7
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Located in the highly desirable neighborhood of El Cerrito, this 3-unit property on Meade Ave is a prime investment opportunity for an Owner Occupant who wants to live in the front house and offset their mortgage with (2) high-income producing units in the back. The property was just FULLY RENOVATED with a 4-bedroom, 2-bathroom main front house, a beautifully updated studio unit, and a 2-bedroom, 1-bathroom house in the back. The renovated units feature clean, modern finishes and brand-new appliances, offering a stylish and comfortable living experience. With a large 2-car garage, private yards, and onsite driveway for parking, this property is an ideal choice for investors or homeowners looking for a turnkey, stable property.

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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.lajollaagent.com/homes/159711470
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5738-42 Meade Ave San Diego, CA 92115

  • Price: $1,395,000
  • Status: ACTIVE
  • On Site: 24 Days
  • Updated: 32 min ago
  • ID#: 250017233
7
Beds
4
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
El Cerrito
County:
San Diego
Area:
San Diego (92115)
Property Description
Located in the highly desirable neighborhood of El Cerrito, this 3-unit property on Meade Ave is a prime investment opportunity for an Owner Occupant who wants to live in the front house and offset their mortgage with (2) high-income producing units in the back. The property was just FULLY RENOVATED with a 4-bedroom, 2-bathroom main front house, a beautifully updated studio unit, and a 2-bedroom, 1-bathroom house in the back. The renovated units feature clean, modern finishes and brand-new appliances, offering a stylish and comfortable living experience. With a large 2-car garage, private yards, and onsite driveway for parking, this property is an ideal choice for investors or homeowners looking for a turnkey, stable property.
Exterior Features

Exterior Other/Remarks Fencing N/KOther/Remarks Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/KOther/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 3 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 0 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 0.3 Additional Property Use N/KORMKS Age Restrictions N/K Annual Expense Actual 25358 Annual Expense Projected 25358 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park NK Cross Streets 58th St & Meade Ave Gross Rent Multiplier Actual 44.7 Gross Rent Multiplier Project 12.9 Gross Scheduled Income Actual 31200 Gross Scheduled Income Project 107940 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 77186 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.5 Sales Restrictions N/KOther/Remarks Security N/KOther/Remarks Short Sale No Tenant Pays N/KOther/Remarks Terms Cal VetCashConventionalExchangeFHAVA Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 4200.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2900.0 Unit2 Rent Actual 2600.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1895 Unit3 Rent Actual 0.0

San Diego MLS logo Listing provided courtesy of Jason Lee of JLM Real Estate Inc: 619-891-0403. 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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