Residential Income For Sale – – – – Price $2,095,000 – 250000332
Property Description

Current 4-unit building has very large backyard with ability to build 12 micro units to create a 16 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 all 4 units currently rented. Additional Opportunity exists with recent law changes allowing for an increased FAR with property having 2,600 sq ft of development space allowing the buyer to build 12 micro units (4 building structures that would each be 3 stories tall) at 210 sq ft/unit to achieve the highest and best use of the property that would perform at a 6.86% cap rate, the micro units would rent out for $1,300/month, 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
2
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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
$2,095,000
Listing ID #250000332
Basic Details
Property Description :

Current 4-unit building has very large backyard with ability to build 12 micro units to create a 16 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 all 4 units currently rented. Additional Opportunity exists with recent law changes allowing for an increased FAR with property having 2,600 sq ft of development space allowing the buyer to build 12 micro units (4 building structures that would each be 3 stories tall) at 210 sq ft/unit to achieve the highest and best use of the property that would perform at a 6.86% cap rate, the micro units would rent out for $1,300/month, 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 : 250000332
Price : $2,095,000
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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