$2,775,000
$2,899,999
4.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/30/2024
Key Details
Sold Price $2,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 240004253SD
Sold Date 01/30/24
HOA Y/N No
Year Built 1965
Property Description
PERFECT FOR OWNER OCCUPANT OR SHORT TERM INVESTORS! MOTIVATED SELLER! House hack or AirBnb in an A+ location of San Diego. The potential on this property has something for everyone. The property is comprised of 2 parcels totaling 8,057 SF of prime real estate. The units are massive, over 1,000 SF each which could allow an investor to turn these into 3BR units easily. From there, both long term or short term rental income skyrockets the cashflow. The property is fully turnkey and already cashflows greatly for a buyer looking for an easy purchase to operate in a tremendous location. For developers, the parcels are in Complete Communities Tier 1, which allows NO LIMIT on FAR, though under the flight path. This is truly amazing real estate that is generational and rarely comes up for sale. Rents below reflect current and projected AirBnb income per the manager.
Location
State CA
County San Diego
Area 92101 - San Diego Downtown
Building/Complex Name Little Italy
Interior
Cooling See Remarks
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5330330500
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Florian Sighe • The Browar Group
