$2,749,900 Price Analysis   ♡   San Diego, CA 92109 5 bed 3 bath 2,300 SqFt ($1195/SqFt) 9,048SqFt lot. Built 1950 Listed 2024-06-01, Taxes $13,169 | Ⓧ USDA Ineligible due to price & location near San Diego |
Location!
Location. Location! Dynamic Opportunity. Two remodeled homes on 1 Large Lot. Beach Lifestyle with Rental Income including Limitless development opportunity in the desirable Crown Point area 2.5 blocks to Mission Bay. Quiet, private and walkable to most attractions in Pacific Beach/Mission Bay. Only the Second owner, original lot that has never been split up: approx. 9, 000 sqft. Both properties are newly remodeled. Main house: Craftsman 3 bd 2 bath. Rare Solid Adobe brick-only a handful of houses in San Diego. Newer everything including roof, AC/Heat, bathrooms, luxury vinyl floors, stainless appliances (w/d) and a high end kitchen w/ custom Exotic Brazilian granite and oversized island.
Second House: Beach Bungalow 2 bd 1 bath. Both homes fully fenced w/ large yards and separated by a full fence with private driveways w/ dedicated entrances. Main house also has a fenced large front yard. Chance to live and earn immediate rental income with spare house. Both homes are currently 5 Star reviewed on Airbnb and VRBO. Crown Point is eligible for new owner short term rental licenses. As of 5/31/2024, 855 Tier 3 licenses remain (if both properties are rented) and Unlimited Tier 2 (if one house is owner occupied). Front house sleeps 12-14 guests and back house sleeps 6 guests. Buyer can choose to keep both or one propertes as short term rentals or has an option to have Seller cancel short term rentals upon close of escrow. This property is a rare gem with a potential to be an outstanding cash cow and land development. Sold with ALL furniture!
Presented by Svetlana Volkova at
1 San Diego Realty, Inc.
Property MLS #240012357 from SanDiegoMLS
Full Bathrooms: 3
Lot Size Acres: 0.2077135
Lot Size Square Feet: 9048
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 1
Unit-1 Square Feet: 1700
Unit-2 Square Feet: 600
Unit 2 Total Actual Rent: 5000.0
County: San Diego
Cross Street: Lamont
Directions: From Grand Ave, cross streets are Lamont St and Morrell St on Oliver Ave.
Source Property Type: 2-4 UNITS
Area: Coastal South
Source Neighborhood: Pacific Beach
Parcel Number: 424-251-18-00
Subdivision: PACIFIC BEACH
Zoning: R-3:RESTRI
Property Subtype: Res Income 2-4 Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $107,219 + $964,981 $1,072,200 | $13,169 |
| 2022 | $105,117 + $946,060 $1,051,177 | $12,819 |
| 2021 | $103,056 + $927,510 $1,030,566 | $12,731 |
| 2020 | $102,000 + $918,000 $1,020,000 | $12,577 |
| 2019 | $100,000 + $900,000 $1,000,000 | $12,353 |
| 2018 | $68,003 + $69,013 $137,016 | $1,642 |
| 2017 | $66,670 + $67,660 $134,330 | $1,603 |
| 2016 | $65,363 + $66,334 $131,697 | $1,576 |
| 2015 | $64,382 + $65,338 $129,720 | $1,553 |
| 2014 | $63,121 + $64,059 $127,180 | $1,530 |
| 2013 | $62,836 + $63,770 $126,606 | $1,528 |
| 2012 | $61,604 + $62,520 $124,124 | $1,410 |
| 2010 | $60,397 + $61,295 $121,692 | $1,361 |
| 2009 | $60,089 + $60,982 $121,071 | $1,364 |
| 2009 | $59,946 + $60,837 $120,783 | $1,364 |
| 2008 | $58,911 + $59,787 $118,698 | $1,317 |
| 2007 | $57,756 + $58,615 $116,371 | $1,308 |
$2,749,900
SanDiegoMLS
Sold 2018-09-19
$1,000,000
SanDiegoMLS
Listed 2018-08-27
$995,000
SanDiegoMLS
Year Built: 1950
Building Exterior Type: Adobe, Brick
Entry Location: No
Levels: 1 Story
Property Age: 74
Roof: Composition
Levels or Stories: 1
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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.