3852-54 37th St., East San Diego, CA 92105

$985,000
List Price
$985,000
Status
ACTIVE
MLS#
220026016
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
4,178
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1940

Property Description

ACT NOW! Live in one and rent the other, or rent both and enjoy a gross annual income of $57,000 on a property someone else has already done all the work for you? Here is your opportunity! Located just a few blocks from trendy North Park and tastefully remodeled with quartz countertops, shaker cabinets, stainless steel appliances, vinyl windows, custom blinds, and modern bathrooms, here are two high income-producing detached houses (3bd/2ba craftsman-style front house and 1bd/1ba cottage in the back) on a gated property with separate street addresses, individual electric and gas meters, own private yards, and alley-accessible single-car garages! Wait, there is more to the renovation! A central HVAC system has been added to the front house, and two mini-split heating/cooling units installed in the back house. The raised foundations have been fully retrofitted to withstand earthquakes, new roofs installed, and rain gutters added. Want to take advantage of the two existing garages? Per the City of San Diego, it is possible to add up to two additional units, as the current zoning would permit a total of 4 units (subject to City's approval). The current owners have never lived on the property and are not aware of the actual square footages and prior permits. Both units are currently occupied with great tenants who have never missed a single rent payment. Please do not disturb the tenants.

Additional Information

Building Name
N/A
Lot Size
4,178
Lot Size Range
4,000-7,499 SF
Neighborhood
San Diego
Pets
Yes
Stories
1 Story
Style
Res Income 2-4 Units
Year Built
1940

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Danyel Brooks (858-222-4663) from Listing Office: Beyond Property Management.

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