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Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $2,714
Subdivision Pacific Beach
MLS Listing ID 220021847
Sold Date 10/13/22
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1947
Lot Size 6,217 Sqft
Property Description
Incredible investment opportunity on a large lot with alley access, only 4 blocks from Crystal Pier. The Grand On Grand! Plans for 8 units included. 7200 sq ft planned residential development with projected value at over $6,000,000. Complete communities with R-M-2-5 zoning. Potential for $29,000-$30,000 gross income per month with a mix of 5 eight hundred sq ft one bedroom units, and 3 one thousand plus sq ft two bedrooms. Upstairs units feature massive terraced rooftop decks with potential ocean views. 5 off street parking spaces included in current plan. Property is currently configured as a duplex. Tenants on short term leases. Please call to have all your questions answered regarding the potential development.
Location
State CA
County San Diego
Community Pacific Beach
Area Pacific Beach (92109)
Building/Complex Name The Grand on Grand
Zoning R-M-2-5
Exterior
Exterior Feature Stucco
Fence Partial
View Ocean
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA, VA
Space Rent $3,500
Listing Terms Cash, Conventional, FHA, VA
Financing Cash
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