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Key Details
Sold Price $2,101,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 957 sqft
Price per Sqft $2,195
Subdivision North Park
MLS Listing ID 230019372
Sold Date 11/20/23
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1990
Lot Size 4,702 Sqft
Property Description
REDUCED $100K (10/25)! RARE FIND FOURPLEX offering four 3bed/2bath units fully rented with long-term leases! Located in the heart of San Diego with ample access to freeways, transportation, jobs, entertainment, and North Park nightlife blocks away. All units in great shape with two offering new kitchens installed within the last year. The property was completely rebuilt in 1990 (no cast-iron!). Property location qualifies the subject for add-value considerations under the Complete Communities zone (subject tier 3 FAR 6.5), Transit Priority Area zone, and the Opportunity Zone, which may qualify for substantial tax benefits. Tesla Solar installed passes on thousands of dollars in savings each year towards tenant electric bills Don’t miss your chance to own a fantastic long-term rental with strong rents and leases in place!
Additional add-value options may exist through Complete Communities (located in tier 3 FAR 6.5) and being in a Transit Priority Area zone. Don’t miss your chance to own a fantastic long-term rental with strong rents and leases in place!
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Building/Complex Name None
Zoning CT 5-4
Interior
Cooling Wall/Window
Exterior
Exterior Feature Wood/Stucco
Garage Spaces 3.0
Fence Partial
View Other/Remarks
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, Other/Remarks
Space Rent $3,250
Listing Terms Cash, Conventional, Exchange, Other/Remarks
Financing Conventional
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Bought with Kimberly Schmidt • Compass