Looking for refuge from the stock market volatility? This is an ideal 3 unit investment opportunity in college east, with plans ready to permit for 4th unit and zoning for more! Beautiful 1940 Spanish Home with 2 back units. Plans drawn for 4th 2bd/1ba unit to be built with 2 car garage at back! Updated in 2018 - beautiful kitchens, baths and vinyl flooring in all units. Large lot of nearly 8000sf. Front home was rented in 2023 for $3590/mo lease expires 9/2025. 1bd units have 6 mo leases expiring 10/2025. Total current rents of $7530/mo! Landlord pays water, and $100 for smaller unit's utilities. This is also an ideal owner occupied opportunity to live in front home and receive rents from back units. Each unit has private fenced patio area and own washer/dryer. Back units share 5+ alley parking spaces! Proposed 4th unit is 950sf plus 2 car garage over alley way with carports for 3 more - plans and surveys to convey to new owner. New zoning may permit up to 6 units. Newer roofs on all units in 2018 are reflective white coating. Huge opportunity !
|
DAYS ON MARKET
|
12
|
LAST UPDATED
|
4/12/2025
|
|
TRACT
|
East San Diego
|
YEAR BUILT
|
1940
|
|
COMMUNITY
|
San Diego
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Heat Pump, Zoned |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Water Heater |
| AREA |
San Diego |
| HEAT |
Electric, Natural Gas, Zoned |
| HOA DUES |
0 |
| LOT |
7792 sq ft |
| LOT DESCRIPTION |
Drip Irrigation/Bubblers, Sprinkler System |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| SUBDIVISION |
East San Diego |
| VIEW |
Yes |
| VIEW DESCRIPTION |
None |
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Listed with Hunter & Maddox Intl. Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 12:26 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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