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Matt O'Brien

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

$ 2,895,000

Est. payment | -/mo

11 Beds

8 Baths

4,816 SqFt

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$ 2,895,000

Est. payment | -/mo

Save Virtual Tour

11 Beds

8 Baths

4,816 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,816 sqft

Price per Sqft $601

MLS Listing ID 260016353

Bedrooms 11

Full Baths 8

Lot Size 6,258 Sqft

Property Sub-Type Com-Res Income

Property Description

8 Pride of Ownership Normal Heights units just 1/2 block south of Adams Avenue. 6 of the 8 units have been fully renovated featuring: granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators-dishwashers-microwaves-stoves, wood laminate floors, dual pane windows, etc. The property features: two 2-car garages, 5 open parking spaces, secured gated access, owned cashless laundry room (also renovated), new main electric panel, new 50-year roof (2016), new exterior paint (2023), zero scape landscaping, and completed balcony inspection (2025). Building was re-piped in 2015 and tented for termites in 2021. The 2 non-renovated units are in great condition and also have wood laminate flooring. There is significant potential for increased cash flow, as current rents are 12% to 15% below market rates. Investors have the option to further maximize returns by either converting the two double garages into Accessory Dwelling Units (ADUs) or charging tenants for garage usage.

Location

State CA

County San Diego

Area Metro Uptown

Direction Adams Ave. then south on Bancroft.

Interior

Heating Wall

Cooling Wall/Window

Flooring Wood

Fireplace No

Laundry Owned

Exterior

Parking Features Garages, Spaces

View Y/N No

Total Parking Spaces 9

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 439-32-24-00

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Virtual Tour https://realestate.28photos.com/vd/216956376

Listed by Mark A Morgan, DRE#01339919 South Coast Commercial, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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4629 Bancroft St. San Diego, CA 92116