Listing ID210028422
Sold For$1,130,000
StatusSOLD
SqFt
5,000
Acres
0.110
CountySan Diego
Year Built1945
Property Type2-4 Units
PENDING status Back Up Offers Welcomed. 2 DETACHED HOMES on est. 5,000 s.f. LOT with ENDLESS WAYS to GROW YOUR WEALTH. MEGA ADD VALUE PROPERTY . Seller will look at all offers. Sq Ft. does not include add's. Currently the property consists of a single level 3-bedroom 2 bath home in the front with one of the bedrooms with its own entrance and bath, PLUS a 1 bedroom 1 bath cottage in the back. Both homes with private fenced yards, separate electric and gas meters, shared water meter, off street tandem parking, storage shed, skylights in main home, shared laundry area. This is a prime location of O.T. that rarely ever trades and you'll have plenty of opportunities to produce income or make it your own villa. .04 miles to TRANSIT CENTER. Close to everything O.T. has to offer but YET in a residential area. READ MORE BELOW IN SUPPLEMENTAL REMARKS... Ideas: 1. Live in one Rent out the Other 2. Live in one use other as Office. 3. Rent both units, projected income around $5,143 mo. 4. Take advantage of the City's density bonus programs and rent the rooms out, perfect for USD students housing shortage. 5. Incredible contractors opportunity to add ADU and/or MEGA value-add potential. Seller to approval any lenders fees and points.GREAT EXERCISE to Eatery's and Boutiques. Friends and Family will enjoy visiting. Single Level Homes one step and easy to install wheelchair handicap ramp. Ideas for property. 1. Live in one Rent out the Other 2. Live in one use other as Office. 3. Rent both units, projected income around $5,143 mo. or higher with vacation renters. 4. Make this your own villa, large yard to add a garden. 5. Take advantage of the City's density bonus programs and rent the rooms out, perfect for USD students housing shortage. 6. Incredible contractors / investors opportunity and MEGA value-add potential. Build Up or Redevelop the property. Transit center is less than half a mile from subject. BONUS: Owner has agreement with lot across the street to park there for 25 bucks a month. Check with SD Planning Department for all possibilities before submitting offer. The LOCATION and LAYOUT will attract long and short term tenants at a premium rate. Old Town is convenient to everything, located next to a major transit center with access to the train, trolley, buses and taxis. Close to USD, Sea World, Beaches, Mission Bay, Little Italy, Hillcrest, Point Loma, International Airport, Fiesta Island, etc. Easy access to ALL of SAN DIEGO. One block away from the World Famous San Diego Ave where you will find amazing restaurants, boutiques, coffee houses, historic parks, museums, and the Whaley House. Year round events keep the neighborhood buzzing creating a vibrant vibe for residents and tourist as well. Just in time for their annual celebration of Dia de Los Muertos on Nov. 2nd. Absolutely must see destination for anyone visiting San Diego therefore making this property a gold mine of an investment. Walkscore 73, Bike score 77, Transit score 64.
County
San Diego
City
SAN DIEGO
Price Before Reduction
1298000
Price Reduction Date
2021-11-17T23:16:20+00:00
Property Type
2-4 Units
Year Built
1945
Zoning
OTRM-2-2
Cooling
N/K
Heat Equipment
Wall/Gravity
Heat Source
Electric
Levels
1 Story
Total Stories
1
Unit 1 Laundry Hook Ups
Common
Unit 1 Number of Bedrooms
3
Unit 1 Number of Full Baths
2
Unit 1 Number Total Baths
2
Unit 2 Laundry Hook Ups
Common
Unit 2 Number of Bedrooms
1
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit Number for Unit 1
2
Entry Only
no
Exterior
Wood
Fencing
Partial
Frontage
N/K
Irrigation
N/K
Lot Dimensions Approximate
50x100
Lot Size
4,000-7,499 SF
Neighborhood
OLD TOWN SAN DIEGO
Number of Buildings
2
Number of Furnished Units
2
Number of Units
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
1
Parking for RV
Potential Space
Parking Garage Unit 1
N/K
Parking Garage Unit 2
N/K
Parking Garage Unit 3
N/K
Parking Garage Unit 4
N/K
Parking Non-Garage Unit 1
Tandem
Parking Non-Garage Unit 2
Tandem
Parking Non-Garage Unit 3
None Known
Parking Non-Garage Unit 4
None Known
Pool
N/K
Pool Heat
None Known
Roof
Composition
Sewer/Septic
Septic Installed
Site
Public Street, Sidewalks, Street Paved
Spa
N/K
Spa Heat
None Known
Water
Meter on Property
Water District
CITY OF SAN DIEGO
Water Heater Type
Gas
Community
OLD TOWN
Complex/Park
N
Country
United States
Elementary School
San Diego Unified School District
High School
San Diego Unified School District
Jurisdiction
Incorporated
Market Area
Metro
Middle School
San Diego Unified School District
Topography
Level
View
City, Evening Lights
Zip/Area
OLD TOWN SD (92110)
Miscellaneous
N/K
Pets
Yes
Property Type
2-4 UNITS
Supplement
GREAT EXERCISE to Eatery's and Boutiques. Friends and Family will enjoy visiting. Single Level Homes one step and easy to install wheelchair handicap ramp. Ideas for property. 1. Live in one Rent out the Other 2. Live in one use other as Office. 3. Rent both units, projected income around $5,143 mo. or higher with vacation renters. 4. Make this your own villa, large yard to add a garden. 5. Take advantage of the City's density bonus programs and rent the rooms out, perfect for USD students housing shortage. 6. Incredible contractors / investors opportunity and MEGA value-add potential. Build Up or Redevelop the property. Transit center is less than half a mile from subject. BONUS: Owner has agreement with lot across the street to park there for 25 bucks a month. Check with SD Planning Department for all possibilities before submitting offer. The LOCATION and LAYOUT will attract long and short term tenants at a premium rate. Old Town is convenient to everything, located next to a major transit center with access to the train, trolley, buses and taxis. Close to USD, Sea World, Beaches, Mission Bay, Little Italy, Hillcrest, Point Loma, International Airport, Fiesta Island, etc. Easy access to ALL of SAN DIEGO. One block away from the World Famous San Diego Ave where you will find amazing restaurants, boutiques, coffee houses, historic parks, museums, and the Whaley House. Year round events keep the neighborhood buzzing creating a vibrant vibe for residents and tourist as well. Just in time for their annual celebration of Dia de Los Muertos on Nov. 2nd. Absolutely must see destination for anyone visiting San Diego therefore making this property a gold mine of an investment. Walkscore 73, Bike score 77, Transit score 64.
Telecommunications
N/K
Age Restrictions
N/K
Assessments
Yes/Remarks
Financing
Conventional
Home Owners Fee Includes
N/K
Other Fee Type
N/K
Possession
Close of Escrow
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Water, Cable TV, Electricity, Gas/Propane, Hot Water
Terms
Cal Vet, Cash, Conventional, FHA, VA
Unit 1 Projected Rent
3473
Unit 2 Projected Rent
1670
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS. Data updated on Thursday, April 18th, 2024 09:36:59 AM.
Contact - Listing ID 210028422
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker