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Key Details
Sold Price $2,775,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $2,522
Subdivision Downtown
MLS Listing ID 240004253
Sold Date 01/30/24
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1965
Property Description
PERFECT FOR OWNER OCCUPANT OR SHORT TERM INVESTORS! MOTIVATED SELLER! House hack or AirBnb in an A+ location of San Diego. The potential on this property has something for everyone. The property is comprised of 2 parcels totaling 8,057 SF of prime real estate. The units are massive, over 1,000 SF each which could allow an investor to turn these into 3BR units easily. From there, both long term or short term rental income skyrockets the cashflow. The property is fully turnkey and already cashflows greatly for a buyer looking for an easy purchase to operate in a tremendous location. For developers, the parcels are in Complete Communities Tier 1, which allows NO LIMIT on FAR, though under the flight path. This is truly amazing real estate that is generational and rarely comes up for sale. Rents below reflect current and projected AirBnb income per the manager.
Location
State CA
County San Diego
Community Downtown
Area San Diego Downtown (92101)
Building/Complex Name Little Italy
Interior
Cooling Other/Remarks
Exterior
Exterior Feature Stucco
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, FHA, Seller May Carry, VA
Space Rent $4,000
Listing Terms Cash, Conventional, FHA, Seller May Carry, VA
Financing Conventional
Special Listing Condition Call Agent
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Bought with Florian P Sighe • The Browar Group
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