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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$2,295,000

Est. payment - /mo

9 Beds

6 Baths

6,586 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 260024308

Bedrooms 9

Full Baths 4

Half Baths 2

Year Built 1977

Lot Size 6,586 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Pacific Beach 3-unit with garage upside, one block off Garnet Ave. Current rents $16,000/mo ($192,000/yr), a 5.90% cap on a buyer's basis. Tenants pay water, sewer, trash, SDG&E and internet, and reimburse the City trash fee. Detached single-level 5BR/2BA front house (~1,150 sf) with fireplace, fenced patio yard and 2-car driveway. Two mirror-image 2-story 2BR/1.5BA townhomes in back (~1,000 sf each): living room open to above, eat-in kitchen and half bath downstairs, two bedrooms upstairs over the garage, private patio and an alley parking space for each. The value-add is the ~800 sf garage, with two paths. Path A: extend both rear units into the garage to make each a 4BR/2.5BA, est. $75K. At the front house's $1,580 per bedroom, that projects a 7.60% yield on price plus cost. Path B: convert the garage into a separate 3BR ADU at an est. $5,500/mo. Both keep all four off-street spaces and are subject to City of San Diego approval. Around the corner from Better Buzz Coffee and Garnet dining; ~1/3 mi to Trader Joe's and Mission Bay; ~1.3 mi to the beach at Crystal Pier. 6,586 sf lot, zoned CO-1-2. Full OM with financials, floor plans and renderings available on request.

Location

State CA

County San Diego

Community Bbq

Area Coastal South

Zoning R3

Interior

Heating Fireplace

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition

Building

Water Meter on Property

Others

Senior Community No

Tax ID 424-042-07-00

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

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Listed by Monroe Herington, DRE#01930053 eXp Realty of California Inc

Nearby School & Business

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Sheila Dadashzadeh

+1(858) 375-6785

Agent CA BRE #01835591

San Diego Communities

1951-55 Hornblend St. San Diego, CA 92109

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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