$975,000
$975,000
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2 Beds
1 Bath
857 SqFt
SOLD DATE : 06/13/2024
Key Details
Sold Price $975,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 857 sqft
Price per Sqft $1,137
Subdivision Normal Heights
MLS Listing ID 240005834SD
Sold Date 06/13/24
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1913
Property Description
Great investment opportunity in Normal Heights to maximize a large 15,000SF lot to build 3 x 1200SF ADU's. Many different avenues an investor can take to get rents over $15,000/month by the time the entire property is developed to its highest and best use. Turn a single-family home property into a 4 unit in a neighborhood that is set to appreciate big time. A savy investor may choose to remodel the front house and move in while they get plans and permits approved to build 3x 1200SF ADU's in the backyard. Upon stabilization an investor could rent 3 units at market rate and the 4th unit as an affordable unit using San Diego code. Verify all with your architect.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Building/Complex Name none
Interior
Heating Natural Gas, None
Cooling None
Fireplace No
Laundry Gas Dryer Hookup, In Garage
Exterior
Parking Features Concrete
Garage Spaces 2.0
Garage Description 2.0
Fence Partial
Pool None
View Y/N No
Roof Type Shingle
Attached Garage No
Total Parking Spaces 6
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4402500500
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
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Bought with Christopher Luna • Cypress Realty & Mortgage