Score
0San Diego, CA
4138-40 Delta St
895K
0
1,880 sqft
bd • 0 ba • 1,880 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$895,000
Price/Sq.Ft
$476
Year Built
1927
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Multiple Income Streams: The property features three distinct living spaces (3-bedroom house, 1-bedroom unit, and studio apartment), providing diverse income streams and reducing vacancy risk. The San Diego average rental rates for these units in 2023 were $3,279, $1,885 and $1,714 respectively.
• Convenient Alley Access: Alley access can be a valuable asset, providing additional parking options or facilitating deliveries and maintenance.
• Proximity to Downtown San Diego: The property's location near downtown San Diego offers convenient access to employment centers, entertainment venues, and cultural attractions, making it attractive to renters.
• Large Lot: Situated on a large lot, the property may offer potential for future expansion or development, subject to zoning regulations and city approvals.
• Price Reduction: The recent price reduction from $950,000 to $895,000 (-5.8%) may present a buying opportunity, indicating the seller's willingness to negotiate.
The Bad
• Lack of Detailed Information: The listing lacks crucial details such as room dimensions, interior features, and utility information. This makes it difficult to accurately assess the property's condition and potential.
• Low School Ratings: The local schools (Balboa Elementary, Knox Middle, Lincoln High) have a rating of 4/10. This may deter families with school-aged children, potentially limiting the pool of prospective tenants.
• Unknown Bedroom/Bathroom Count: While the description mentions a 3-bedroom unit, 1-bedroom unit, and studio, the total number of bedrooms and bathrooms for the entire property is not specified. This lack of clarity can be a deterrent for potential buyers.
• No Mention of Parking: The listing doesn't mention parking availability. In a densely populated area like San Diego, the lack of dedicated parking can significantly impact the property's appeal to tenants.
The Ugly
• Age of the Property: Built in 1927, the property is nearly a century old. This increases the likelihood of needing significant repairs and upgrades to meet modern standards. Properties of this age often have outdated plumbing, electrical, and HVAC systems, which can be costly to replace.
• High Estimated Insurance: The estimated annual insurance cost of $3,222 is high compared to typical rates in San Diego. This could be due to the property's age, location, or potential hazards. High insurance costs reduce the overall profitability of the investment.
• Potential Code Violations: Given the property's age, there's a risk of non-compliance with current building codes. Bringing the property up to code can be expensive and time-consuming.
• Market Income Discrepancy: The median income in the area is $49,651, which is relatively low for San Diego. This could indicate a lower-income tenant base, potentially leading to higher turnover rates and rent collection challenges.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Seasoned Real Estate Investors: The property's configuration (3/1 house, 1/1 unit, and studio) offers diverse income streams in a high-demand rental market. With strategic management, the property could yield a strong return on investment, appealing to investors focused on cash flow.
• Investors familiar with Value-Add Opportunities: The property, built in 1927, likely has deferred maintenance and could benefit from strategic renovations. Investors who can manage renovations and increase rents would find value in this property.
• Buyers seeking properties with separate living quarters: The additional 1-bedroom unit and studio provide options for extended family living or generating rental income, appealing to buyers who need flexible living arrangements.
• Buyers Comfortable with Older Properties: The property's age may require more frequent repairs and maintenance. Buyers should have a budget for these expenses and be comfortable managing an older building.
Not For
• First-Time Homebuyers: Managing a multi-unit property requires experience and knowledge of property management. The responsibilities may be overwhelming for those new to real estate ownership.
• Buyers Seeking Low-Maintenance Properties: Given the property's age, ongoing maintenance and potential renovations are likely. Buyers seeking a hassle-free investment may find this property unsuitable.
• Buyers sensitive to School District Ratings: The local schools have a rating of 4/10, which may deter buyers with children. The property is not ideal for families prioritizing high-ranking schools.
• Buyers requiring immediate cash flow: The property may require initial investment for repairs or upgrades, which could delay immediate positive cash flow. Buyers needing immediate returns may need to reconsider.
Demographics
Area Median Income
$49,651
Property History
Price History
Ownership Timeline
$0Financed
May 18, 2016Roque BrisenoRoque Briseno, Dionicia C Briseno
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Aug 31, 2004Dionicia C Briseno, Roque BrisenoRoque Briseno
Intrafamily Transfer
Non-Arm's Length Transactions
$166,000Financed
Sep 1, 1998Giannella Properties IncRoque Briseno
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 27, 1998Ralph Gianella, Keitha GianellaGiannella Properties Inc
Quit Claim Deed
Non-Arm's Length Transactions
$0Financed
Feb 17, 1998Giannella Properties IncRalph Giannella, Keitha Giannella
Quit Claim Deed
Non-Arm's Length Transactions
$45,000Financed
Dec 26, 1997Fcms Reo CorpGiannella Properties Inc
Grant Deed
Non-Arm's Length Transactions
$135,000Cash Purchase
Jun 16, 1997Miranda Manuel T & Antonia FFcms Reo Sub Corp
Trustees Deed
Foreclosure
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.3/10
Below AverageMiddle
2.6/10
Below AverageHigh
3.7/10
Below AverageFinancials
Monthly Costs
Market Rent (0 bed)
Get a detailed estimate on Zillow$1,714
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$895,000
Price/sqft
$476
Layout
0 bd•0 ba
Days on market
86 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$775,167
15.5%
Your price is 15.5% above average
Median Price
$789,000
13.4%
Based on 6 recent sales
Price per Sq.Ft
$451
5.6%
Your price is 5.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1733 Delta St., National City, CA 91950 | $758,000 | 1,614 | 4 | 2 | $4701.3% | 12/18/2024 |
| 3791 Acacia Grove Way, Logan Heights, CA 92113 | $799,000 | 1,739 | 5 | 3 | $4593.5% | 10/30/2024 |
| 4889 Ocean View Boulevard, San Diego, CA 92113 | $789,000 | 1,555 | 4 | 3 | $5076.6% | 12/2/2024 |
| 4905 Wyconda Ln, Logan Heights, CA 92113 | $785,000 | 1,723 | 4 | 2 | $4564.3% | 10/28/2024 |
| 4096-98 Gamma St, Logan Heights, CA 92113 | $960,000 | 2,030 | 5 | 3 | $4730.7% | 9/17/2024 |
| 3552 Ocean View Blvd, Logan Heights, CA 92113 | $560,000 | 1,631 | 5 | 2 | $34327.9% | 10/5/2024 |
1733 Delta St., National City, CA 91950
Price: $758,000
Sq.Ft: 1,614
Beds/Baths: 4/2
$/Sq.Ft:
$4701.3%
Sale Date: 12/18/2024
3791 Acacia Grove Way, Logan Heights, CA 92113
Price: $799,000
Sq.Ft: 1,739
Beds/Baths: 5/3
$/Sq.Ft:
$4593.5%
Sale Date: 10/30/2024
4889 Ocean View Boulevard, San Diego, CA 92113
Price: $789,000
Sq.Ft: 1,555
Beds/Baths: 4/3
$/Sq.Ft:
$5076.6%
Sale Date: 12/2/2024
4905 Wyconda Ln, Logan Heights, CA 92113
Price: $785,000
Sq.Ft: 1,723
Beds/Baths: 4/2
$/Sq.Ft:
$4564.3%
Sale Date: 10/28/2024
4096-98 Gamma St, Logan Heights, CA 92113
Price: $960,000
Sq.Ft: 2,030
Beds/Baths: 5/3
$/Sq.Ft:
$4730.7%
Sale Date: 9/17/2024
3552 Ocean View Blvd, Logan Heights, CA 92113
Price: $560,000
Sq.Ft: 1,631
Beds/Baths: 5/2
$/Sq.Ft:
$34327.9%
Sale Date: 10/5/2024
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