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Key Details
Sold Price $1,900,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,865 sqft
Price per Sqft $1,018
Subdivision Pacific Beach
MLS Listing ID 220021837
Sold Date 10/15/22
Bedrooms 3
Full Baths 3
Year Built 1947
Property Sub-Type Detached
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
Area Coastal South
Zoning R-M-2-5
Interior
Heating Wall/Gravity
Fireplace No
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Gas Stove
Laundry Gas & Electric Dryer HU
Exterior
Parking Features None Known
Fence Partial
View Y/N No
Water Access Desc Meter on Property
Roof Type Composition
Total Parking Spaces 6
Building
Story 1
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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