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Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID PV24119095
Sold Date 08/10/24
Bedrooms 7
HOA Y/N No
Lot Size 7,000 Sqft
Property Description
North Park is known for its high rental demand, making it an ideal location for investors looking to secure steady rental income or developers looking to rebuild into new units (check with City) This 3 unit property consisting of two 2 bedroom and 1 bath and one 3 bed 1 bath units ,offers significant potential for development, providing an excellent chance for growth and increased property value. Situated in the heart of North Park, residents will enjoy easy access to trendy cafes, boutique shops, parks, and vibrant nightlife. The community's charm and convenience make it a highly desirable area to live. Benefit from the high rental market and secure a solid return on investment. Utilize the development opportunity to enhance and expand the property, increasing long-term value. Or Live in one unit and rent out the others, offsetting your mortgage and enjoying passive income.
North Park is known for its high rental demand, making it an ideal location for investors looking to secure steady rental income or developers looking to rebuild into new units (check with City) This 3 unit property consisting of two 2 bedroom and 1 bath and one 3 bed 1 bath units ,offers significant potential for development, providing an excellent chance for growth and increased property value. Situated in the heart of North Park, residents will enjoy easy access to trendy cafes, boutique shops, parks, and vibrant nightlife. The community's charm and convenience make it a highly desirable area to live. Benefit from the high rental market and secure a solid return on investment. Utilize the development opportunity to enhance and expand the property, increasing long-term value. Or Live in one unit and rent out the others, offsetting your mortgage and enjoying passive income.
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $8
Acceptable Financing Exchange
Space Rent $2,300
Listing Terms Exchange
Financing Exchange
Read Less Info
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Bought with Theresa Crowder • State Houses Real Estate, Inc.