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$850,000
Est. payment /mo
5 Beds
3 Baths
0.44 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID SB26085310
Bedrooms 5
Lot Size 0.444 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured L-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value.
Location
State CA
County San Diego
Zoning Assessor
Direction Cross Street: Market Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5480802000
Acceptable Financing Exchange
Listing Terms Exchange
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Listed by Anthony (Tony) Rogondino, DRE#02052749 Vista Sotheby’s International Realty
NEARBY SCHOOL & BUSINESS
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