Thank you
Christopher Luna
Cypress Realty & Mortgage
760-438-5900
Great investment opportunity in Normal Heights to maximize a large 15,000SF lot to build 3 x 1200SF ADU's. Many different avenues an investor can take to get rents over $15,000/month by the time the entire property is developed to its highest and best use. Turn a single-family home property into a 4 unit in a neighborhood that is set to appreciate big time. A savy investor may choose to remodel the front house and move in while they get plans and permits approved to build 3x 1200SF ADU's in the backyard. Upon stabilization an investor could rent 3 units at market rate and the 4th unit as an affordable unit using San Diego code. Verify all with your architect.
Sell a home like this and save $59,441 Find Out How
Total Bedrooms : 2
Total Baths: 1
Full Baths: 1
Half Baths: 0
Roof : Shingle
None
Air Conditioning
Natural Gas,None
Has Heating
Has Fireplace: 0
Year Built: 1913
Construction: Wood Siding
Roof: Shingle
None
Gas Dryer Hookup,In Garage
Partial
Lot Dimensions Source: Vendor Enhanced
Lot Size Source: Assessor
Original List Price: 999,000
Listing Contract Date: 2024-03-18
Listing Agreement: Seller Reserved
Parcel Number: 4402500500
Garage Description: Concrete
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 92116 - Normal Heights
Directions: Cross Street: East Mountain View Drive.
Source Property Type: Residential
Area: 92116 - Normal Heights
Property SubType: Single Family Residence
Property Age: 111
Structure Type: Single Family Residence
Year Built Source: Vendor Enhanced
Total Square Feet Living: 857
Entry Level: 1
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4651 Wilson Avenue, San Diego, CA,92116 | $1,600,000 | 6 | 3 | 1,946 | 6361 Sqft |
4945 Mansfield St, San Diego, CA,92116 | $1,625,000 | 3 | 2 | 1,685 | 6111 Sqft |
4518 Arizona Street, San Diego, CA,92116 | $1,089,000 | -- | -- | 1,368 | 2086 Sqft |
4453 Wilson Avenue, San Diego, CA,92116 | $1,349,000 | 3 | 2 | 1,718 | 3129 Sqft |
4518 Arizona Street, San Diego, CA,92116 | $1,089,000 | 2 | 2 | 1,368 | 2086 Sqft |
Land, San Diego, CA,92116 | $257,500 | -- | -- | -- | 29620 Sqft |
4516 Park Blvd #2, San Diego, CA,92116 | $675,000 | 2 | 2 | 752 | 7004 Sqft |
4388 Middlesex Drive, San Diego, CA,92116 | $1,885,000 | 2 | 2 | 1,725 | 13136 Sqft |
4723 Bancroft Street, San Diego, CA,92116 | $999,000 | 2 | 2 | 1,384 | 1872 Sqft |
4110 Palisades Road, San Diego, CA,92116 | $3,950,000 | 5 | 5 | 3,984 | 29185 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 04:13
MLS: 240005834SD
LISTED BY: Christopher Luna, Cypress Realty & Mortgage
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.