$2,425,000
$2,600,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
6,250 Sqft Lot
SOLD DATE : 04/05/2024
Key Details
Sold Price $2,425,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2308986
Sold Date 04/05/24
HOA Y/N No
Lot Size 6,250 Sqft
Property Description
This impressive property, located in a Transit Priority Area in San Diego's desirable North Park neighborhood, features 5 updated units across 2 structures, 2 car garage on a 6,250 sqft lot with alley access. The Craftsman duplex offers a 2+ bed, 2 ba unit and a charming 1 bed, 1 bath with shared laundry. The 1950s 3-unit apartment building includes two 2 bed, 1 bath units and one 1 bed, 1 bath, along with a 2-car garage and community laundry. Improvements include: sewer, roofs, HVAC systems, water heater, foundation, electrical, and flooring. With current rents below market, there is potential for over $15k in gross rents once stabilized. Additional development and revenue opportunities with potential garage conversion, making it an excellent investment opportunity. North Park is centrally located to major freeways, Coronado, downtown San Diego, Balboa Park and beaches make it a highly sought-after area for both residents and investors.
This impressive property, located in a Transit Priority Area in San Diego's desirable North Park neighborhood, features 5 updated units across 2 structures, 2 car garage on a 6,250 sqft lot with alley access. The Craftsman duplex offers a 2+ bed, 2 ba unit and a charming 1 bed, 1 bath with shared laundry. The 1950s 3-unit apartment building includes two 2 bed, 1 bath units and one 1 bed, 1 bath, along with a 2-car garage and community laundry. Improvements include: sewer, roofs, HVAC systems, water heater, foundation, electrical, and flooring. With current rents below market, there is potential for over $15k in gross rents once stabilized. Additional development and revenue opportunities with potential garage conversion, making it an excellent investment opportunity. North Park is centrally located to major freeways, Coronado, downtown San Diego, Balboa Park and beaches make it a highly sought-after area for both residents and investors.
Location
State CA
County San Diego
Area North Park (92104)
Interior
Cooling Heat Pump(s)
Exterior
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with John Selby • Compass
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