$880,000 Price Analysis   ♡   San Diego, CA 92105 7 bed 4 bath 2,588 SqFt ($340/SqFt) 5,506SqFt lot. Built 1923 Listed 2024-05-18, Taxes $4,009 | Ⓧ Possibly USDA Ineligible due to property condition near San Diego |
Prime Fixer Upper Property in City Heights.
All four units are vacant, There are city code violations. Showings on Monday May 20th between 2-4 pm. No Blind offers will be accepted. Spanning a total of 2588 square feet and situated on a 5506 square feet lot, there's room for expansion, landscaping or other value-added improvements. Zoned R4, this property offers flexibility for various development opportunities, allowing for potential expansion or redevelopment projects to maximize its investment potential. Comprising 2 dwellings, the front building features three units. Unit 1: 2+1 First Floor, Unit 2: 2+1 Second Floor, Unit 3: Studio apartment is in the back of the building. Unit 4: A separate back building offers a single 3-bedroom, 1-bathroom unit.
All units are currently vacant. This 4-unit fixer upper property presents a lucrative investment opportunity for savvy investors. Boasting a prime location and substantial potential, this property is primed for transformation and profit maximization. This property presents the chance to add significant value through renovation and mdernization efforts. With the right vision and execution, investors can unlock the full potential of this property, attracting premium rental rates and enhancing its overall market value. Positioned in a desirable area of San Diego, this property enjoys proximity to amenities, transportation hubs, schools and recreational facilities, making it an attractive choice for potential tenants and future buyers alike. With strategic upgrades and repairs, the potential rental income for this property is estimated to soar up to $9400+ per month, offering a substantial return on investment. Don't miss out on this chance to turn this diamond in the rough into a profitable asset in your investment portfolio.
Presented by Sez Sezer at
Douglas Elliman Of California.
Property MLS #NDP2404310 from CRMLS
Lot Size Acres: 0.1264004
Lot Size Square Feet: 5506
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
County: San Diego
Source Property Type: Residential Income
Area: 92105 - East San Diego
Source Neighborhood: 92105 - East San Diego
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 2
Parcel Number: 4547721900
Zoning: R-4:Multiple Residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $153,343 + $170,382 $323,725 | $4,009 |
| 2022 | $150,337 + $167,042 $317,379 | $3,902 |
| 2021 | $147,390 + $163,767 $311,157 | $3,876 |
| 2020 | $145,879 + $162,088 $307,967 | $3,829 |
| 2019 | $143,019 + $158,910 $301,929 | $3,761 |
| 2018 | $140,215 + $155,795 $296,010 | $3,518 |
| 2017 | $137,466 + $152,741 $290,207 | $3,433 |
| 2016 | $134,771 + $149,747 $284,518 | $3,376 |
| 2015 | $132,747 + $147,498 $280,245 | $3,326 |
| 2014 | $130,147 + $144,609 $274,756 | $3,276 |
| 2013 | $129,559 + $143,956 $273,515 | $3,271 |
| 2012 | $127,019 + $141,134 $268,153 | $3,017 |
| 2010 | $124,529 + $138,367 $262,896 | $2,911 |
| 2009 | $123,893 + $137,660 $261,553 | $2,919 |
| 2009 | $123,599 + $137,333 $260,932 | $2,919 |
| 2008 | $121,464 + $134,961 $256,425 | $2,817 |
| 2007 | $119,083 + $132,315 $251,398 | $2,797 |
$880,000
CRMLS
Listing removed 2024-05-16
$0
CRMLS
Listed 2024-03-17
$880,000
CRMLS
Sold 2002-01-22
$228,000
Public Record
Sold 1994-10-31
$63,000
Public Record
Year Built: 1923
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 101
Property Attached: Yes
Building Total Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.