Listing ID210020447
Sold For$1,225,000
StatusSOLD
SqFt
3,002
Acres
0.070
CountySan Diego
Year Built1927
Property Type2-4 Units
This fabulous Spanish Style 1920's bungalow is situated in the heart of Hillcrest just a few blocks north of Morley Field. The property is comprised of (2) 860 sq ft; 2 bedrooms/1 bathroom units with two separate single-car garages. Fully renovated upstairs unit with new kitchen, new windows, original wood flooring, and new paint. The home has new landscaping in front with a new deck for increased space. This is a great opportunity for an owner occupant looking to live in a turnkey property in the heart of the city; within walking distance to parks, coffee shops, restaurants, and nightlife. Both units are rented out for immediate cash flow. There are additional approved plans by the city for another 2 bedroom 1 bath unit in the back for even more cash flow for years to come.
County
San Diego
City
San Diego
Price Before Reduction
1395900
Price Reduction Date
2021-08-30T22:56:10+00:00
Property Type
2-4 Units
Year Built
1927
Zoning
R-3:RESTRI
Cooling
Wall/Window
Levels
2 Story
Total Stories
2
Unit 1 Estimated SqFt
910
Unit 1 Laundry Hook Ups
Common
Unit 1 Number of Bedrooms
2
Unit 1 Number of Full Baths
1
Unit 1 Number Total Baths
1
Unit 2 Estimated SqFt
910
Unit 2 Laundry Hook Ups
Common
Unit 2 Number of Bedrooms
2
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit Number for Unit 1
3707
Unit Number for Unit 2
3709
Entry Only
no
Exterior
Stucco
Fencing
Partial
Lot Size
1-3,999 SF
Neighborhood
Hillcrest
Number of Buildings
1
Number of Units
2
Number of Units w/Dryers
2
Number of Units w/Garage
2
Number of Units w/Patios
1
Number of Units w/Range/Oven
2
Number of Units w/Refrigerator
2
Number of Units w/Washers
2
Number Units w/Cooling
2
Parking Garage Unit 1
Detached
Parking Garage Unit 2
Detached
Roof
Rolled/Hot Mop, Tile/Clay
Sewer/Septic
Sewer Connected
Unit 1 Parking Garage Space
1
Unit 2 Parking Garage Space
1
Water
Meter on Property
Water District
CITY OF SAN DIEGO
Complex/Park
Hillcrest
Country
United States
Market Area
Metro Uptown
Zip/Area
MISSION HILLS (92103)
Pets
Yes
Property Type
2-4 UNITS
Age Restrictions
N/K
Annual Expense Actual
11795
Annual Expense Projected
16000
Cap Rate Actual
4
Cap Rate Projected
4
Financing
Conventional
Gross Rent Multiplier Act
24.6
Gross Rent Multiplier Projected
20.75
Gross Scheduled Income Actual
56640
Gross Scheduled Income Projected
67200
Net Operating Income Projected
55405
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Trash, Water, Cable TV, Electricity
Terms
Cal Vet, Cash, Conventional, FHA, VA
Unit 1 Deposit
2200
Unit 1 Projected Rent
2800
Unit 1 Rent Actual
2225
Unit 2 Deposit
2845
Unit 2 Projected Rent
2800
Unit 2 Rent Actual
2615
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Contact - Listing ID 210020447
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker