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Listed by Max E Delbecq • Top Gun CRE
$ 2,000,000
Est. payment /mo
Price Dropped by $100K
San Diego, CA 92102
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8P-2507231
Year Built 1966
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego's most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units - tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3–4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there's an estimated 43% income upside, and units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning RX-1-1 https://scoutred.com/maps/par...
Interior
Laundry Common Area
Building
Lot Description Level, Level with Street, Near Public Transit, Park Nearby, Paved, Corner Lot
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2507231