We are pleased to present this turnkey four-unit property. The property features a strong unit mix with new electrical system, new plumbing, new exterior light fixtures, new exterior paint, new resurfaced concrete, reinforced railings, new security gate & new dual pane windows throughout. Fully renovated interiors include new A/C mini splits, new W&D's, new ceiling fans in each room, new stainless steal appliances and new kitchens & bathrooms. Current gross rental income is $13,200 per month / 5.29% CAP. The property also lies in the complete communities map (FAR Tier 3: 6.5 FAR) allowing for significant bonus density for development.
Excellent investment potential! This property is located in commercial zoning area, with huge potential for the right investor. Front unit has 3 bedroom 2 bathroom and the back unit has 2 bedroom and 1 bathroom with alley access. Shown with an accepted offer. Do not disturb tenants.
$1,475,000 assumable loan at 4% through June 1, 2029. Welcome to an exceptional investment opportunity directly across from Teralta Neighborhood Park. This property features 9 charming units offering a great unit mix, including individual bungalows and two 2-bedroom, 2-bathroom units. Each unit is separately metered. The current owner has invested over $350,000 in renovations, including hardwood flooring, updated kitchen and bathrooms, granite counters, newer appliances, cabinetry, HVAC systems, and tankless water heaters. All units are equipped with Ring doorbells, ensuring security and convenience for tenants. Don't miss out on this opportunity to invest in a well-maintained property with a strong rental history and promising income potential. Centrally located with easy access to I-15 and I-805, the property offers a short distance to vibrant neighborhoods such as North Park, Kensington, Mission Valley, and Downtown San Diego.