$1,640,000
$1,899,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
5,199 Sqft Lot
SOLD DATE : 11/25/2024
Key Details
Sold Price $1,640,000
Property Type Commercial
Sub Type 3 on a Lot,Duplex,Free Standing,Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240015345
Sold Date 11/25/24
Lot Size 5,199 Sqft
Acres 0.12
Lot Dimensions 40x130
Property Description
Offered at $1,749,000 - $1,899,000. Presenting a unique investment opportunity in the coveted Hillcrest Complete Community zoning area of San Diego. This versatile property features 5 distinct units, offering a blend of historical charm & modern potential. Property Features: Single Family Home: A charming 3-bedroom, 1-bathroom home built in 1932. This residence has character and so much potential, though it is in need of some loving care to restore its former glory. Duplex: Two spacious 1-bedroom units. Newly Permitted ADU Units: Two studio Accessory Dwelling Units (ADUs). The total living space across all units is 2,062 square feet, situated on a generous 5,199 square foot lot with dimensions of 40' x 130'. The property also holds significant development potential, with a Floor Area Ratio (FAR) of 8.0 allowing potential for future development. Located in the heart of Hillcrest, this property enjoys a vibrant, central location with easy access to shopping, dining, and entertainment. The area's dynamic community and desirable amenities make this a prime spot for investment. Whether you're looking to generate rental income, undertake a redevelopment project, or restore the existing structures, this property offers a multitude of opportunities for savvy investors.
Location
State CA
County San Diego
Area Mission Hills (92103)
Zoning RM3-9
Interior
Heating Other/Remarks
Cooling None
Flooring Other/Remarks
Laundry Owned
Exterior
Exterior Feature Cable Available, Part Fenced, Part Landscaped, Wood Fence
Parking Features None
Roof Type Composition
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Other/Remarks
Space Rent $152,040
Listing Terms Other/Remarks
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Bought with Stephanie Nisan • The Stoz Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "