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$1,425,000
Est. payment /mo
3 Beds
2 Baths
2,722 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Com-Res Income
Listing Status Pending
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $523
MLS Listing ID 250031720
Bedrooms 3
Property Sub-Type Com-Res Income
Property Description
322 S Pardee St offers a rare opportunity to acquire a brand-new construction asset at a 5.9% day-one cap rate, delivering immediate cash flow for investors. The property consists of four (4) newly built 1-bedroom/1-bathroom units (Exempt from AB 1482) and a fully renovated detached 2-bedroom/1-bathroom front house. Each 1-bedroom unit features a 490 SF open layout and includes premium amenities such as central HVAC, in-unit washer and dryer, luxury vinyl plank flooring, stainless steel appliances, and high-end modern finishes. The detached 2-bedroom residence offers a spacious 760 SF layout, a private yard, and tandem parking. Additionally, the four newly constructed units are exempt from AB 1482 rent control for the next 15 years, enhancing income stability and rental flexibility. Centrally located in South Central San Diego, the property benefits from close proximity to major transportation routes including the I-15, I-5, and SR-94 freeways. Residents enjoy quick access to local restaurants, breweries, Costco, and neighborhood conveniences. Downtown San Diego, Petco Park, and other major attractions are just 10 minutes away, making this an ideal location for strong and stable tenant demand.
Location
State CA
County San Diego
Area Metro Central
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 546-171-13-00
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/250031720
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Listed by Dylan C. Ackley Keller Williams Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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