Description

This 7-unit multifamily asset presents an exceptional opportunity to acquire nearly 10,000 sq ft of flat, developable land in one of San Diego’s most dynamic and well-connected neighborhoods. Comprised of a 4-plex overlooking beautiful canyon views (2 bed / 1 bath units), a separate duplex in front (1 bed / 1 bath units) that offers a front and back door to a private 2-3 car parking lot and a studio that is currently used as storage which can be converted into a laundromat, with proper regulatory approval, for tenants for additional amenity and additional income for the investor. This income-generating property sits in the heart of Linda Vista—a centrally located neighborhood just minutes from Sharp Medical Center, Rady Children’s Hospital, Mission Valley, La Jolla, USD, and San Diego International Airport. The added bonus of multiple recently renovated and updated units will bring ease and added value to any buyer Investors will also appreciate the strong in-place income from long-term, stable tenants and the ease of management thanks to a picnic area for tenants' use, on site parking for tenants and ample street parking for visitors. The lot offers an Accessory dwelling unit (ADU). What sets this property apart is not just its prime location and future potential, but also the lush, curated landscape of mature fruit trees, creating a unique, community-oriented living experience. Tenants enjoy seasonal harvests from: Dragon Fruit (Pitaya), Cherimoya (Custard Apple), Lemon Trees, Avocados, Asian Apple (Loquat), Guava Trees. Seller will entertain reasonable offers

Features

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• 0.21 Acres
• 2 Stories
• Number of Units: 7
• Price Per Unit: 457143
• SqFt of Improvement: 4820