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638-40 22nd Street

San Diego, CA 92102
  • $1,350,000
  • STATUS: PENDING
  • ON SITE: 28 Days
  • ID#: 240028634
Pending
UPDATED: 78 min ago
$1,350,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

Description

638-40 22nd Street is a Historic Victorian Farmhouse in Sherman Heights. Located in the heart of Sherman Heights, one of San Diego's oldest and most storied neighborhoods, this 1895 Victorian 4plex stands as a testament the City's rich history. The original structure accommodates 3 units consisting of one 2 Bedroom and two 1 Bedrooms, each with their own patios, and in the basement you'll find a storage locker for each unit and common laundry machines. There is also a separate 1 bedroom cottage and all units are fenced in with a key-gated entry to the lovely, lush grounds. The foundation, plumbing and electrical were all recently redone as well as a termite clearance. The owner bills back the tenants for water and the units have new appliances. The Mills Act Paperwork has been gathered but not submitted.

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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.redtreerealty.com/homes/158910497
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638-40 22nd Street San Diego, CA 92102

  • Price: $1,350,000
  • Status: PENDING
  • On Site: 28 Days
  • Updated: 78 min ago
  • ID#: 240028634
5
Beds
4
Baths
0
½ Baths
N/A
Acres
1895
Built
Neighborhood:
Sherman Heights
County:
San Diego
Area:
San Diego (92102)
Property Description
638-40 22nd Street is a Historic Victorian Farmhouse in Sherman Heights. Located in the heart of Sherman Heights, one of San Diego's oldest and most storied neighborhoods, this 1895 Victorian 4plex stands as a testament the City's rich history. The original structure accommodates 3 units consisting of one 2 Bedroom and two 1 Bedrooms, each with their own patios, and in the basement you'll find a storage locker for each unit and common laundry machines. There is also a separate 1 bedroom cottage and all units are fenced in with a key-gated entry to the lovely, lush grounds. The foundation, plumbing and electrical were all recently redone as well as a termite clearance. The owner bills back the tenants for water and the units have new appliances. The Mills Act Paperwork has been gathered but not submitted.
Exterior Features

Exterior Other/Remarks Fencing Other/Remarks Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 5.17 Age Restrictions N/K Annual Expense Actual 20876 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Park None Cross Streets G Street Gross Rent Multiplier Actual 14.3 Gross Scheduled Income Actual 94428 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 1600 Sales Restrictions Other/Remarks Security Other/Remarks Short Sale No Tenant Pays Other/Remarks Terms Other/Remarks Unit Number For Unit1 638 Unit Number For Unit2 640A Unit Number For Unit3 640B Unit Number4 640C Unit1 Deposit 1815 Unit1 Occupied Tenant Unit1 Projected Rent 2000.0 Unit1 Rent Actual 1815.0 Unit2 Deposit 1380 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 1380.0 Unit3 Deposit 2325 Unit3 Occupied Tenant Unit3 Projected Rent 2500 Unit3 Rent Actual 2325.0 Unit4 Deposit 1900 Unit4 Occupied Tenant Unit4 Projected Rent 2000 Unit4 Rent Actual 1900.0 Water N/K

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. 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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