3830 41st St, East San Diego, CA 92105

$880,000
List Price
$880,000
Status
ACTIVE
MLS#
NDP2402240
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
5,506
Property Type
Multifamily

Property Description

Prime "Fixer Upper" Property in City Heights. This 4-unit fixer upper property presents a lucrative investment opportunity for savvy investors. Boasting a prime location and substantial potential, this property is primed for transformation and profit maximization. Spanning a total of 2588 square feet and situated on a 5506 square feet lot, there's room for expansion, landscaping, or other value-added improvements. Zoned R4, this property offers flexibility for various development opportunities, allowing for potential expansion or redevelopment projects to maximize its investment potential. Comprising 2 dwellings, the front building features three units. Unit 1: 2+1 First Floor, Unit 2: 2+1 Second Floor, Unit 3: Studio apartment is in the back of the building. Unit 4: A separate back building offers a single 3-bedroom, 1-bathroom unit. All units are currently vacant. This property presents the chance to add significant value through renovation and modernization efforts. With the right vision and execution, investors can unlock the full potential of this property, attracting premium rental rates and enhancing its overall market value. Positioned in a desirable area of San Diego, this property enjoys proximity to amenities, transportation hubs, schools, and recreational facilities, making it an attractive choice for potential tenants and future buyers alike. With strategic upgrades and repairs, the potential rental income for this property is estimated to soar up to $9400+ per month, offering a substantial return on investment. Don't miss out on this chance to turn this diamon

Additional Information

Lot Size
5,506
Lot Size Range
4,000-7,499 SF
Neighborhood
City Heights
Style
Res Income 2-4 Units

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Sez Sezer (858-436-6585) from Listing Office: Douglas Elliman of California.

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