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House & single-family home for sale in Normal Heights
USD 1,795,000
House & Single-family home (For sale)
Reference:
EDEN-T97391244
/ 97391244
This is it! You know everyone's looking for this, and it's SO hard to find TRUE (and Legal) 4-Plexes priced at and based on their ACTUAL financials. Don't miss out because this property checks all of the boxes for so many different investors. Located in the highly desirable University Heights sub-market, opportunities like this don't come up often. Property has excellent long term tenant history. The property is laid out smartly for an owner user to occupy the front home and take in excellent rental income to offset a mortgage with the rear triplex. Spanish architecture offers a touch of emotional appeal, which blends brilliantly into the surrounding neighborhood. Property is located within a couple short blocks of two major transportation corridors amplifying the tenant attraction. Add to that an endless number of walkable shops, cafes, restaurants and miscellaneous services such as gyms, auto shops, fast food, and churches and you have the ideal rental. Excellent for 1st time investor, or just add another fantastic asset to your portfolio. See supplement... Attention Developers! This is an ideal pick up for current or future apartment building. With both alley and street access, it definitely makes construction easier. The 7000sf lot sits in the Complete Communities zoning overlay. Excellent current zoning of RM2-5 offers extremely advantageous options to limit the income restricted units to 2 or possibly 3 at the most. With a 6.5 FAR, the sky's the limit. ***All information is provided for convenience only and not intended to be relied upon. All buyers must confirm all zoning and regulations for themselves prior to removal of all contingencies.***
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This is it! You know everyone's looking for this, and it's SO hard to find TRUE (and Legal) 4-Plexes priced at and based on their ACTUAL financials. Don't miss out because this property checks all of the boxes for so many different investors. Located in the highly desirable University Heights sub-market, opportunities like this don't come up often. Property has excellent long term tenant history. The property is laid out smartly for an owner user to occupy the front home and take in excellent rental income to offset a mortgage with the rear triplex. Spanish architecture offers a touch of emotional appeal, which blends brilliantly into the surrounding neighborhood. Property is located within a couple short blocks of two major transportation corridors amplifying the tenant attraction. Add to that an endless number of walkable shops, cafes, restaurants and miscellaneous services such as gyms, auto shops, fast food, and churches and you have the ideal rental. Excellent for 1st time investor, or just add another fantastic asset to your portfolio. See supplement... Attention Developers! This is an ideal pick up for current or future apartment building. With both alley and street access, it definitely makes construction easier. The 7000sf lot sits in the Complete Communities zoning overlay. Excellent current zoning of RM2-5 offers extremely advantageous options to limit the income restricted units to 2 or possibly 3 at the most. With a 6.5 FAR, the sky's the limit. ***All information is provided for convenience only and not intended to be relied upon. All buyers must confirm all zoning and regulations for themselves prior to removal of all contingencies.***
Reference:
EDEN-T97391244
Country:
US
City:
San Diego
Postal code:
92116
Category:
Residential
Listing type:
For sale
Property type:
House & Single-family home