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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,595,000

Est. payment - /mo

5 Beds

4 Baths

1,000 SqFt

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Sun Apr 13, 11:00am - 3:00pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $1,595

Subdivision East San Diego

MLS Listing ID 250023914

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1940

Lot Size 7,792 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Looking for refuge from the stock market volatility? This is an ideal 3 unit investment opportunity in college east, with plans ready to permit for 4th unit and zoning for more! Beautiful 1940 Spanish Home with 2 back units. Plans drawn for 4th 2bd/1ba unit to be built with 2 car garage at back! Updated in 2018 - beautiful kitchens, baths and vinyl flooring in all units. Large lot of nearly 8000sf. Front home was rented in 2023 for $3590/mo lease expires 9/2025. 1bd units have 6 mo leases expiring 10/2025. Total current rents of $7530/mo! Landlord pays water, and $100 for smaller unit's utilities. This is also an ideal owner occupied opportunity to live in front home and receive rents from back units. Each unit has private fenced patio area and own washer/dryer. Back units share 5+ alley parking spaces! Proposed 4th unit is 950sf plus 2 car garage over alley way with carports for 3 more - plans and surveys to convey to new owner. New zoning may permit up to 6 units. Newer roofs on all units in 2018 are reflective white coating. Huge opportunity !

Location

State CA

County San Diego

Community East San Diego

Area San Diego (92115)

Building/Complex Name NA

Interior

Heating Electric, Natural Gas

Cooling Heat Pump(s), Zoned Area(s)

Fireplaces Number 1

Appliance Zoned Areas, Wall/Gravity

Exterior

Exterior Feature Stucco

Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K

Fence Gate

Roof Type Other/Remarks

Building

Lot Description Alley Access, Public Street, Sidewalks, Street Paved

Story 1

Lot Size Range 7500-10889 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1 Story

Others

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA

Space Rent $3,590

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA

Pets Allowed Yes

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Listed by Mike Acker • Hunter & Maddox Intl. Inc.

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

6934-38 Mohawk St San Diego, CA 92115

Kevin Silverstein

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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