$1,120,000
$1,189,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
4,356 Sqft Lot
SOLD DATE : 12/10/2019
Key Details
Sold Price $1,120,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 190053252
Sold Date 12/10/19
HOA Y/N No
Year Built 1940
Lot Size 4,356 Sqft
Property Description
Excellent opportunity for an investor or owner-occupant! Fully rehabilitated 3 unit property blocks from Downtown San Diego. Located in the historic Sherman Heights district (An Opportunity Zone), this property consists of two 1 bed/1 bath units and one 2 bed/1 bath unit. All three units were recently restored, which includes new electrical, plumbing, sewer lines, windows, kitchens, baths, insulation, water heaters, roofs, interior and exterior paint, landscaping, decking, laundry, appliances and more. This is an excellent opportunity for an investor or owner-occupant to acquire an income-producing asset in the rapidly improving and in-demand area of Sherman Heights. This very desirable downtown submarket is located within an Opportunity Zone and is just blocks from the rapidly gentrifying East Village and Barrio Logan. East Village has become one of the most dynamic and popular areas of the downtown area, and as East Village/Downtown continues to expand east, this particular property will offer a substantial rental upside and is well suited for short term vacation rentals / AirBNB. Sherman Heights is a unique neighborhood bordering three other highly desirable neighborhoods (Golden Hill, Barrio Logan and East Village Down Town). Those who live in the area enjoy the central location as it is just east of the Ballpark District and Downtown San Diego. The property is also close to transit lines, restaurants, schools, and shopping. The Sherman Heights community is also a designated "Opportunity Zone", offering potential tax breaks for investing within the community. Neighborhoods: Sherman Heights Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 2005 Unit # for Unit 2: 2015 Unit # for Unit 3: 2017 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning R-4:MULTIP
Interior
Heating Combination, Electric
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
View Ocean
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Tax ID 5354340100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Jaime Mora • FOSTER HAMILTON Real Estate Co
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