Residential Income For Sale – – – – Price $2,600,000 – 240018911
Property Description

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 for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Features
: 1 story
Address Map
US
California
San Diego
San Diego
92115
Amherst St
6831-33
W118° 56' 57.5''
N32° 46' 2.1''
Neighborhood
Neighborhood
Additional Information
32
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Seth
OByrne
Compass
$0
$0
$0
$0
$0
$0
$0
4,000-7,499 sf
College
San diego
Fallbrook union elementary distr
: N/k
Fallbrook union elementary distr
Fallbrook union high school dist
1

Residential Income For Sale

6831-33 Amherst St, San Diego, California 92115

6,981 Sqft
$2,600,000
Listing ID #240018911
Basic Details
Property Description :

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 for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240018911
Price : $2,600,000
Year Built : 2000
Lot Sq Ft : 6,981 Sqft
Style : Res income 2-4 units
Unit 1 # Bedrooms : 3
Unit 2 # Bedrooms : 3
Unit 3 # Bedrooms : 3
Unit 1 # Total Baths : 2
Unit 2 # Total Baths : 2
Unit 3 # Total Baths : 2
Unit 4 # Total Baths : 1
Unit 1 # of Full Baths : 2
Unit 2 # of Full Baths : 2
Unit 3 # of Full Baths : 2
Unit 4 # of Full Baths : 1
Unit 1 Estimated SqFt : 1,250 Sqft
Unit 2 Estimated SqFt : 1,640 Sqft
Unit 3 Estimated SqFt : 1,182 Sqft
Unit 4 Estimated SqFt : 359 Sqft
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
Contact Agent
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