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Key Details
Sold Price $1,334,741
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $1,668
Subdivision North Park
MLS Listing ID 240002673
Sold Date 10/25/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1939
Property Description
FHA ASSUMABLE LOAN AT 3.875% & CASH COW PROPERTY! Motivated Seller and Incredible Opportunity! Zoning Permits for up to 30ft Max Structure Height, thanks to Complete Communities, Unlimited Potential! Live In One and Rent Out the Other, Lay Back and Watch the Endless Cash-Flow, or Build the investment of your DREAMS, Thanks to TPA too! Your Beautiful Modern Craftsman Homes offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Both Units Have Been Renovated in 2022 and The Front Home Has Been a Successful AirBnB for a Year (Grossing Roughly $116,628, just the front home Maintaining an Occupancy Rate of 90%!) and Back Unit is Tenant Occupied and Has a Potential AirBnB Gross Profit of $54,120! Detached Garage Serves As An Easy Conversion to a 1-Bedroom Unit!! Neither Home Spares Any Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 12 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Dimmable Can-less Lights Throughout, and HUGE Front & Back Yards, Custom Painted North Park Mural! Back Home has Hard Oak Floors, Calcutta Unique Countertops, and a European Flow! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 3 min Walk to Balboa Park, and 5 min Drive to Downtown! Taking Over this Substantial Property Can Bring in a Profit of $170,748/$14,229 per Month!!! Hard to Ask for a Better Opportunity! Check out the Virtual Tour to see the Renovations of 3782 (Back House)
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Building/Complex Name Pauly Addition
Zoning RM 1-1
Interior
Heating Electric
Cooling Wall/Window
Fireplaces Number 1
Appliance Wall/Gravity
Exterior
Exterior Feature Wood
Parking Features Unit1:Assigned Unit2:Detached
Fence Full
Community Features BBQ, Biking/Hiking Trails, Laundry Facilities
Complex Features BBQ, Biking/Hiking Trails, Laundry Facilities
View City, Mountains/Hills
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $9,719
Listing Terms Cash, Conventional, Exchange, FHA
Financing VA
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Bought with Keegan Wetzel • Real Broker