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$2,300,000
Est. payment /mo
8 Beds
4 Baths
750 SqFt
UPDATED:
12/03/2024 07:00 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $3,066
Subdivision Mission Hills
MLS Listing ID 240026126
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1958
Lot Size 6,255 Sqft
Property Description
$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don’t miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List.
$2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.
$2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.
Location
State CA
County San Diego
Community Mission Hills
Area Mission Hills (92103)
Building/Complex Name Complex
Zoning RM-3-7
Interior
Appliance Other/Remarks
Exterior
Exterior Feature Other/Remarks
Roof Type Other/Remarks
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Assumable, Cash, Conventional, FHA, VA
Listing Terms Assumable, Cash, Conventional, FHA, VA
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Listed by Keegan Wetzel • Real Broker
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