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$ 1,395,000
Est. payment | /mo
4 Beds
3 Baths
$ 1,395,000
Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Talmadge (Talm)
MLS Listing ID 250024234
Bedrooms 4
Year Built 1940
Property Sub-Type Res Income 2-4 Units
Property Description
Prime value-add + development opportunity in highly desirable Talmadge. This 6,600 SF RM-1-1 zoned lot currently features three units: a front duplex with two 1bd/1ba units, plus a detached 2bd/1ba house in the rear. Seller has fully approved permits in hand to demolish the rear house and construct 9 new units, while retaining and renovating the existing duplex—bringing the total to 11 rentable units. New ownership can begin renovations and lease-up immediately. Projected pro forma cap rate of 7.5%. Located in a low-density, high-demand rental market with limited multifamily supply. Excellent access to I-8 and I-15 puts you minutes from Downtown, Mission Valley, Kensington, and the College Area. Rare opportunity to develop in one of San Diego's most stable, appreciating infill neighborhoods.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-1-1
Interior
Cooling Other/Remarks
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 1
Level or Stories 1
Others
Tax ID 465-641-07-00
Special Listing Condition Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/250024234
Listed by Miles S Slater Nara Advisors, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12750 High Bluff Dr. #300, San Diego, California, 92130, USA