Thank you
Sez Sezer
Douglas Elliman of California
619-363-4038
Prime "Fixer Upper" Property in City Heights. This 4-unit fixer upper property presents a lucrative investment opportunity for savvy investors. Boasting a prime location and substantial potential, this property is primed for transformation and profit maximization. Spanning a total of 2588 square feet and situated on a 5506 square feet lot, there's room for expansion, landscaping, or other value-added improvements. Zoned R4, this property offers flexibility for various development opportunities, allowing for potential expansion or redevelopment projects to maximize its investment potential. Comprising 2 dwellings, the front building features three units. Unit 1: 2+1 First Floor, Unit 2: 2+1 Second Floor, Unit 3: Studio apartment is in the back of the building. Unit 4: A separate back building offers a single 3-bedroom, 1-bathroom unit. All units are currently vacant. This property presents the chance to add significant value through renovation and modernization efforts. With the right vision and execution, investors can unlock the full potential of this property, attracting premium rental rates and enhancing its overall market value. Positioned in a desirable area of San Diego, this property enjoys proximity to amenities, transportation hubs, schools, and recreational facilities, making it an attractive choice for potential tenants and future buyers alike. With strategic upgrades and repairs, the potential rental income for this property is estimated to soar up to $9400+ per month, offering a substantial return on investment. Don't miss out on this chance to turn this diamond in the rough into a profitable asset in your investment portfolio.
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Total Baths: 0
None
Air Conditioning
Has Heating
Has Fireplace: 0
Year Built: 1923
Building Area Total: 2,588
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1264
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5506
Original List Price: 880,000
Listing Contract Date: 2024-03-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4547721900
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 92105 - East San Diego
Directions: CrossStreet: UNIVERSITY
Zoning: R-4:Multiple Residential
Source Property Type: Residential Income
Area: 92105 - East San Diego
Property Age: 101
Common Walls: 2+ Common Walls
Year Built Source: Vendor Enhanced
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Bayview Heights Dr., San Diego, CA,92105 | $549,900 | -- | -- | -- | -- |
4146 48 Fairmount Ave, San Diego, CA,92105 | $1,500,000 | -- | -- | -- | 5149 Sqft |
4140 48th St, San Diego, CA,92105 | $2,095,000 | -- | -- | -- | -- |
3535 37 Marlborough Ave, San Diego, CA,92105 | $664,900 | -- | -- | -- | -- |
4168 44TH UNIT Street #.., San Diego, CA,92105 | $500,000 | 2 | 2 | 956 | 12500 Sqft |
4661 Redwood Street, San Diego, CA,92105 | $550,000 | -- | -- | -- | 5988 Sqft |
Highland Ave, San Diego, CA,92105 | $225,000 | -- | -- | -- | 17095 Sqft |
4455 Redwood Street, San Diego, CA,92105 | $698,000 | 3 | 1 | 1,226 | 3126 Sqft |
3145 Highland Avenue, San Diego, CA,92105 | $775,000 | -- | -- | 3,123 | 3123 Sqft |
2813 15 46th St., San Diego, CA,92105 | $949,000 | -- | -- | -- | -- |
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ByOwner last updated this listing 05/15/2024 @ 14:40
MLS: NDP2402240
LISTED BY: Sez Sezer, Douglas Elliman of California
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.