Description
Once in a generation opportunity to acquire two adjacent parcels totaling 15,648 sqft spread across 6 structures. The buildings consist of 10 units with mixes split between detached cottages, duplexes, and a triplex. A 2 car garage attached to the triplex is being rented out that can easily be converted into an ADU. An additional storage area is being rented out as well between the detached cottages. The property has alley access with 4 assigned parking spaces (two in the front & two in the rear). The property sits in an opportunity zone giving buyers the chance to gain massive tax savings, and the option to build multiple new units (Buyer to do proper due diligence with city to confirm all facts). The rents have recently been raised with the property now bringing in $14,525/mo before expenses. Tenants are all on month to month lease agreements.
Construction Details
- Property TypePurchase
Community and Neighborhood Details
- CountySan Diego
Financial Details
- Original List Price$2,650,000
Other
- MLS #240023164SD
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Drew Rutledge (#SAND-691843)
Listing Office: RE/MAX Connection (#SAND-991554)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
