$1,425,000
$1,450,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 09/18/2024
Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240019190SD
Sold Date 09/18/24
HOA Y/N No
Lot Size 0.288 Acres
Property Description
This is an opportunity for an investor to operate a five extensively renovated conforming units situated on a large 12,500+ square foot lot nestled in a predominantly lower density neighborhood street. Units are renovated with upgraded interiors along with various structural improvements which include water, electrical and waste line overhaul. The subject property consists of three separate structures (two duplex structures and one detached single unit structure). Site has multiple water meters. Ample space to take advantage of ADU allowances and build more while still maintaining parking space for all units. The City Heights submarket is also a 10 minute drive to Mission Valley home to the 166 Acre expansion which will offer 80+ acres of parks and open space, over 1.6M SF of retail space, hundreds of new construction dwellings for affordable, and student housing, and a newly constructed 35k Seat Stadium which will also host San Diego County's new Major League Soccer Team, San Diego FC. Five total units. One 3bed 2bath unit, Three 2bed 1bath units, and One 1bed 1bath unit. All units have dedicated parking and private patio spaces. Units are situated on a gated 12,528 sf lot. Property can also be accessed through the alley way. Site is zoned within a Sustainable Development Area and offers investors a variety of options through the ADU Bonus Program
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Others
Tax ID 4760623100
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
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Bought with Terry Moore • Apartment Consultants Incorporated