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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,599,000

Est. payment | -/mo

6 Beds

4 Baths

Save Virtual Tour

$ 1,599,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260013430

Bedrooms 6

Full Baths 4

Year Built 1975

Property Sub-Type Res Income 2-4 Units

Property Description

Opportunity Knocks! Exceptional investment and development opportunity in a highly sought-after location just a short walk to USD. This unique property features two spacious 3-bedroom, 2-bath condos situated toward the rear of the lot, creating immediate rental income while preserving future development potential. The existing improvements offer flexibility for investors, developers, and owner-users alike. Continue generating income from the current units while exploring opportunities to maximize the property's highest and best use. The positioning of the buildings on the lot may provide additional development options, making this an ideal hold-and-develop asset. The garages present potential conversion opportunities or possible ADU configurations, subject to buyer verification and city approval. Located in one of San Diego's strongest rental markets, the property benefits from close proximity to USD, Mission Bay, beaches, shopping, dining, major employment centers, and convenient freeway access. Demand for housing in this area remains consistently strong, making this an attractive opportunity for both short- and long-term investors. Whether you're looking to generate cash flow today, add value through improvements, or pursue future development, this property offers a rare combination of location, income, and upside potential. See attached Development Opportunity Analysis for additional information regarding possible future uses and development scenarios. Buyer to verify all information.

Location

State CA

County San Diego

Area Metro

Zoning R-3-7

Direction Linda Vista Turn at Mildred, Right on Azusa then Right on Lauretta to property. Friars Rd, North on Colusa to Lauretta go left.

Interior

Heating Fireplace, Wall/Gravity

Fireplace No

Exterior

Fence Full

View Y/N No

Roof Type Rolled/Hot Mop

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 436-551-03-(01 & 02)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/snd/260013430

Listed by Lanz Correia, DRE#01883404 Coldwell Banker West

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5419 Lauretta St Apt A &B San Diego, CA 92110