520 Fergus St, San Diego, CA 92114, USA
520 Fergus St, San Diego, CA 92114, USA- 4 beds
- 3 baths
- 1500 sq ft
Basics
- Date added: Added 3 months ago
- Category: RESIDENTIAL
- Type: Detached
- Status: Active
- Bedrooms: 4
- Bathrooms: 3
- Lot size, sq ft: 7,500-10,889 SF sq ft
- Year built: 1950
- Baths Full: 3
- Parking Spaces Total: 11
- Zip/Area: ENCANTO (92114)
- Residential Styles: Detached
- County: San Diego
- Optional Bedrooms: 0
- Sale/Rent: For Sale
- Approx # of Acres: 0.19 acres
- Market Area: Metro Central
- Zoning: COMMERCIAL
- Price Per SQFT: $433.33
- Baths Half: 0
- MLS ID: 230006228
Description
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Description:
Price reduction! Negotiable for CASH OFFERS. Great investment or live in the main home and rent the rest! This spacious 1,500 sqft home is a money-making property with 4 bedrooms, 3 baths just minutes away from downtown. Records show 1,100 sqft 4 bed and 2 baths but additional square footage and bathroom were added seamlessly. All major aspects of the home (plumbing, electrical, roof, etc) have been inspected and are in decent shape. The property also includes a huge garage that was previously a living unit with its own verified address (520 Fergus) and most recently used as an auto shop and man cave, complete with a bathroom and full electrical, and is ready to be converted back into an apartment or separate home. With little work, this home and garage can be rented as 3-4 units. The included park-model RV on the property rented for $1000 per month. $35K solar system infrastructure just a few years old, your electric bill should be reduced to nearly nothing. This home qualifies for an SB9 lot split and conversion of the garage into an ADU. A garage to home remodel makes two separate homes, can easily fetch over a million dollars combined! For developers, proximity to transit gives it added benefits. Located in Opportunity Zone and Promise Neighborhood with Tax incentives and qualifies for SB10, which allows for multiple units. With some cosmetic work and garage build-out, this home, garage, and RV is a 3-4 unit that makes $7-8K in rents. No buyer credits, offers must remove ALL contingencies.
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Rooms
- Searchable Rooms: Kitchen,Living Room,Laundry
- Kitchen Dimensions: 15x8
Location
- Topography: Level
- Neighborhood: Encanto
- City / Department: San Diego
Building Details
- Floor Coverings: Ceramic Tile
- Estimated Square Feet: 1500 sq ft
Floor Plans
- Levels: 1 Story
- Total Stories: 1
Amenities & Features
- Pool: N/K
- Sewer/Septic: Public Sewer
- Water Heater Type: Gas
- Cooling: Wall/Window,Electric
- Patio: Covered,Concrete,Patio Open,Porch - Front
- Laundry Utilities: Electric,Gas,Propane,Washer Hookup
- Complex Features: RV/Boat Parking
- Roof: Composition
- Fencing: Full,Gate
- Heat Equipment: Baseboard
- Exterior: Stucco
- Heat Source: Electric,Natural Gas
- Water: Meter on Property
- Laundry Location: Outside
- Equipment: Gas & Electric Range,Gas Oven,Gas Range,Counter Top,Electric Cooking,Gas Cooking
- Parking Garage: Detached
- Parking Garage Spaces: 3
Fees & Taxes
- Other Fees: $0.00
- Monthly Total Fees: 0
- Home Owner Fees: $0.00
Miscellaneous
- Short Sale: No
- Virtual Tour Link: https://www.propertypanorama.com/instaview/snd/230006228
- Age Restrictions: N/K
- Community: ENCANTO
- Terms: Cash,Conventional,FHA
- Sales Restrictions: Standard
- Ownership: Fee Simple
- Listing Office: 26999
- Association ID: San Diego Association of REALTORS (SDAR)