San Diego, CA 92102,3560 62 Island Ave
San Diego, CA 92102,3560 62 Island Ave
San Diego, CA 92102,3560 62 Island Ave
37
$1,100,000
$1,199,000
8.3%
Est.Price: ?

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7,200 Sqft Lot

3560 62 Island Ave San Diego, CA 92102

Est. payment /mo
SOLD DATE : 08/09/2024

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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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California Regional MLS (CRMLS)
Listed by Daniel Sipher • JLM Real Estate Inc.
Bought with Daniel Sipher • JLM Real Estate Inc.

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agent

Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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