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$2,999,000
Est. payment /mo
6,998 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250022442
Lot Size 6,998 Sqft
Property Sub-Type Apartment
Property Description
7 units in University Heights - All 2 Bedroom units. Perfect building to renovate, add additional dwelling units, and re-rent at market rates to add value. The 6-car parking garage looks to be the perfect place to add 2 or 3 ADU units while still preserving 5 parking spaces in front of the new ADUs. 5 additional open parking spaces in the rear (11 existing parking spaces currently - 6 covered & 5 open). Current rents are low making this property the ideal candidate for the "Renovate & Raise" model. Laundry room and additional storage lockers for tenants are located under the partially enclosed parking garage. Prime University Heights location. **** Please do not walk on property as tenants unaware the property is for sale ******
Location
State CA
County San Diego
Area Normal Heights (92116)
Interior
Heating Wall
Flooring Hardwood, Vinyl
Exterior
Exterior Feature Part Landscaped
Parking Features Carports, Spaces
Total Parking Spaces 11
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $164,136
Listing Terms Cash, Cash to New Loan
Virtual Tour https://www.youtube.com/watch?v=JgJlvezyvFs
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Listed by Mark A Morgan • South Coast Commercial, Inc.
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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