A developers dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within… Read More the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset's existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on site in the back. Read Less
Property listed by South Coast Commercial, Inc., Brendan Flynn 619-226-6011
Listing Snapshot
Days Online
184
Last Updated
Property Type
Other
Year Built
1940
MLS Number
240014482SD
30 Days Snapshot Of 92116
$1,309k
+8%
(avg) sold price
12
-52%
homes sold
45
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Levels: Two, 2 stories, 2 buildings
Cooling
WallWindowUnits
Heating
Electric
Income
Net operating income: $72,156
Pool
Private
Property
Zoning: RM 3-8
Roof
Composition
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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