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3560 62 Island Ave San Diego, CA 92102
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 240013035SD
Sold Date 08/09/24
HOA Y/N No
Year Built 1980
Lot Size 7,200 Sqft
Property Description
3560-62 Island Ave is a turnkey 2-unit property in San Diego, situated on an over 7,000 square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.
Location
State CA
County San Diego
Area 92102 - San Diego
Building/Complex Name Mt Hope
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
View Y/N Yes
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5460300700
Security Features Security Gate
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
Financing Conventional
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Bought with Daniel Sipher • JLM Real Estate Inc.