$815,000
$1,465,000
44.4%For more information regarding the value of a property, please contact us for a free consultation.
4,809 Sqft Lot
SOLD DATE : 05/01/2024
Key Details
Sold Price $815,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2401198
Sold Date 05/01/24
HOA Y/N No
Year Built 1955
Lot Size 4,809 Sqft
Property Description
Offered for sale: A value add four-unit residential income property at 2842-48 Fairmount Ave in the vibrant City Heights neighborhood, providing a desirable mix of units for investors. The property features a front building with three 1bed/1bath units, each approximately 756 sq ft, and a rear building that includes a spacious 2bed unit above three single-car garages. Additionally, there are three uncovered parking spaces accessible from the alley. Highlighting the investment appeal is the potential for ADU conversion of the garages, offering a path to increased revenue. Situated in City Heights, this property capitalizes on a high-demand rental market, making it an attractive opportunity for investors seeking to grow their portfolio in a dynamic San Diego neighborhood.
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning RS-1-7
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks, Urban
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4763722100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
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Bought with Nicolas Hernandez • Top Gun CRE
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com