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Key Details
Sold Price $925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 210022632
Sold Date 10/27/21
HOA Y/N No
Year Built 1943
Lot Size 7,339 Sqft
Property Description
Exceptional opportunity to create something really special. These units have had the same long term tenants for quite a while. Property needs restoration but located in a fantastic area off the beaten path. As investors are discovering this jewel of a location in the Mid-City, values have been steadily improving. Quiet streets, easy access to public transportation, freeways and shopping are really the appealing draw. With the units being so big, they offer incredible opportunity for remodeling. See Supplement! Property has been list priced to CURRENT renters and rents, however the word "potential" has never had a truer definition and the sky is the limit. Additionally there is a one car garage AND a two car garage so the possibility tearing down garages and building ADUs is available. Agent believes property is located in a Transit Priority Area (Buyer and Buyers Agent to verify) so creation of ADUs and income restricted ADU's are very advantageous because there are no parking requirements in these zones. Call agent for details. Sewer: Sewer Connected Unit # for Unit 1: 3559 Unit # for Unit 2: 3561 Unit # for Unit 3: 3561.5 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92105 - East San Diego
Building/Complex Name NA
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
Roof Type Composition
Private Pool No
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4542410900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with SOCAL Unknown Agent • San Diego