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3996 Gamma St San Diego, CA 92113
$1,100,000 5 beds, 2 baths
1, 340 sqft
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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.

Listing Details

Property type: 2-4 Units (Multi-family)
Status: ACTIVE
MLS# 250022037
List price is $1,100,000
HOA Fee is $0.00
Beds: 5
Baths: 2 (2 full)
Built in 1927
1,340 sqft
1 story
0.16 acres
Lot size: 4,000-7,499 SF
County: San Diego
Zoning: R-2:MINOR
Exterior features: Wood/Stucco
MLS area: LOGAN HEIGHTS (92113)
Pets Allowed: Yes

Last Updated: 4/10/2025

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This listing belongs to the LOGAN HEIGHTS (92113) MLS area

Lat/Long: 32.689988, -117.108306.
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Listing Agent: Bobby Martins
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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