$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 Beds
5 Baths
5,199 Sqft Lot
SOLD DATE : 11/25/2024
Key Details
Sold Price $1,640,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Hillcrest
MLS Listing ID 240015343
Sold Date 11/25/24
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1932
Lot Size 5,199 Sqft
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
Community Hillcrest
Area Mission Hills (92103)
Zoning RM3-9
Interior
Heating Natural Gas
Appliance Wall/Gravity, Other/Remarks
Exterior
Exterior Feature Wood/Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Partial
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Composition,Other/Remarks
Building
Lot Description Alley Access, Curbs, Public Street, Sidewalks, Street Paved
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Other/Remarks
Space Rent $5,650
Listing Terms Other/Remarks
Financing Conventional
Pets Allowed Yes
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Bought with Stephanie Nisan • The Stoz Group
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Partner | Lic# 1980609