Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the RETAIL building, offering significant expansion opportunities. Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease. Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month. Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment. Don't miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE).
|
DAYS ON MARKET
|
48
|
LAST UPDATED
|
10/7/2024
|
|
TRACT
|
Highland Ave
|
YEAR BUILT
|
1954
|
|
COUNTY
|
San Diego
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
|
Prior to Sep 9, '24
|
$1,295,000
|
|
Sep 9, '24 - Sep 22, '24 |
$1,095,000
|
|
Sep 22, '24 - Oct 7, '24 |
$1,049,000
|
| Oct 7, '24 - Today |
$999,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Water Heater |
| CONSTRUCTION |
Stucco |
| HEAT |
Natural Gas |
| LOT |
6534 sq ft |
| LOT DESCRIPTION |
Sloped |
| LOT DIMENSIONS |
4,000-7,499 SF |
| STORIES |
1 |
| SUBDIVISION |
Highland Ave |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| ZONING |
MCR-2 |
Listed with Pemberley Realty Inc.
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Properties on this website was last updated as recently as 10/22/24 1:45 AM PDT.
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