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Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 230023855
Sold Date 04/23/24
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1924
Lot Size 4,166 Sqft
Property Description
Located in the heart of the flourishing Corridor submarket, this unique triplex offers a great opportunity for value-add investors. The front of the property features a large 1BD/1BA bungalow with a private yard and separate entrance, perfect for a buyer looking to occupy an investment property while maintaining the privacy of a single family residence. In the back, you'll find two additional 2 bedroom apartments and a common coin-operated laundry room for additional income. Adding to the property's appeal are two existing 1-car garages, which present an excellent chance for conversion into an ADU. Unrenovated but structurally sound, this triplex is a canvas waiting for the right investor to bring it into the 21st century. With its prime location and untapped potential, it's an investment opportunity you won't want to miss. ***DO NOT WALK ON PROPERTY OR DISTURB TENANTS
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Building/Complex Name Teralta Park
Zoning R-3:RESTRI
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
Parking Features Unit1:Assigned Unit2:Assigned
Fence N/K, Other/Remarks
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Other/Remarks
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Senior Community Other
Acceptable Financing Cash, Conventional
Space Rent $1,545
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Call Agent
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Bought with JD Esajian • eXp Realty of California, Inc.