Property Details
About this Property
Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with 1 unit already rented out and the others soon to follow as the development is under professional management. Additional Opportunity exists with recent law changes allowing for an increased FAR with the ability to add 4 additional ADUs at 500 sq. ft. each. Assuming construction cost of $720K and each new unit renting at $1900/month, this property would perform over 5% cap rate, excellent
MLS Listing Information
MLS #
SD240024215
MLS Source
San Diego MLS
Days on Site
81
Interior Features
Cooling
Other
Heating
Electric, Gas - Natural
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Attached Garage, Other, Garage: Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Seth OByrne
Compass
License #: 01463479
Phone: (858) 869-3940
Co-Listing Agent
Alexander Gould
Compass
License #: 02229169
Phone: (650) 387-4022
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,250 | 3 | 2/0 | $3,750 |
| 2 | 1,640 | 3 | 2/0 | $3,600 |
| 3 | 1,182 | 3 | 2/0 | – |
| 4 | 359 | 0 | 1/0 | $1,400 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
6831-33 Amherst St is a Residential Income in San Diego, CA 92115. This – square foot property sits on a 6,981 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,295,000 and was built in 2000. This address can also be written as 6831-33 Amherst St, San Diego, CA 92115.
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This listing information is up-to-date as of October 17, 2024. For the most current information, please contact Seth OByrne, (858) 869-3940
