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Key Details
Sold Price $1,755,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $1,462
Subdivision San Diego
MLS Listing ID 240013638
Sold Date 07/23/24
Bedrooms 10
Full Baths 5
HOA Y/N No
Year Built 2022
Lot Size 9,600 Sqft
Property Description
Prime Value-Add opportunity walking distance from SDSU! This property, ideally located for off-campus student housing, ensures strong rental demand and high rental income. The first unit offers 4 bedrooms and 2 bathrooms, generating $4,700 monthly, while the second unit boasts 6 bedrooms and 3 bathrooms, bringing in $6,900 monthly. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative income stream. Current monthly income is $11,600, but with landscaping and some minor cosmetic touches you can achieve $13k+ a month.
Location
State CA
County San Diego
Community San Diego
Area San Diego (92115)
Building/Complex Name College Area
Zoning RS-1-7
Interior
Cooling Wall/Window, N/K, Other/Remarks
Exterior
Exterior Feature Stucco
Fence N/K, Other/Remarks
Roof Type Tile/Clay
Building
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, FHA, VA, Other/Remarks
Space Rent $4,700
Listing Terms Cash, Conventional, FHA, VA, Other/Remarks
Financing Conventional
Special Listing Condition Call Agent
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Bought with Austin Ball • Austin Ball, Broker
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