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Priscilla Meyers

priscilla@priscillameyers.com +1(323) 337-2756

$ 949,900

Est. payment | -/mo

3 Beds

3 Baths

6,835 Sqft Lot

Save

$ 949,900

Est. payment | -/mo

Save

3 Beds

3 Baths

6,835 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 260022142

Bedrooms 3

Full Baths 3

Year Built 1927

Lot Size 6,835 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Beautiful well cared for 3-unit property with 3 one car garages and a set of Shovel Ready fully permitted plans for a 2-unit ADU that would go in between the back unit and the garage in the open space shown in the pictures. The plans are for a two-story property with a 1 bedroom 1 bath unit on the 2nd floor (533 Sq. Ft) accessible by an outside staircase, and a 2-bedroom, 2 bath unit on the 1st floor (656 Sq. Ft) Make this property a legal 5 unit and enjoy the extra rents without the hassle and expense (approximately 50,000 savings) of the planning and permitting process that the current seller already completed. Projected market rents are as follows 2,250 for the 1 Br unit and 2,750 for the 2 Br unit. That would add 60,000 to the GSI for a total potential yearly total rent of 128,000. The estimated cost of construction is 350K. SEE SUPPLEMENT!!

Location

State CA

County San Diego

Area Metro Central

Zoning R-3 multi

Direction 39th and Logan

Interior

Heating Wall/Gravity

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

Roof Type Rolled/Hot Mop

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

HOA Fee Include Other/Remarks

Senior Community No

Tax ID 550-112-02-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Kevin F Sheedy, DRE#01783042 Kevin Sheedy Realty

Schools and Properties Nearby

3881-85 Logan Avenue San Diego, CA 92113