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$1,398,000
Est. payment /mo
4,286 Sqft Lot
UPDATED:
11/04/2024 04:58 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 240021301SD
HOA Y/N No
Year Built 1963
Lot Size 4,286 Sqft
Property Description
Charming 2-in-1 Income Property in Desirable North Park Discover a prime investment opportunity in North Park with this dual-unit property, perfect for generating steady rental income in one of San Diego’s most sought-after neighborhoods. The front unit is a 2-bedroom, 1-bath haven that shines on platforms like Airbnb and VRBO, earning consistent 5-star reviews and bringing in an impressive $7,000 per month at 70% occupancy. Visitors are drawn to its fresh new flooring, modern kitchen cabinets, updated bathroom, and stylish doors. With its own washer/dryer and a charming front yard, this unit offers guests a warm and welcoming retreat. The rear unit, also a 2-bedroom, 1-bath, is leased at $2,900 per month on a flexible month-to-month basis. Like the front, it boasts tasteful upgrades, including refreshed flooring, an updated kitchen, and its own washer/dryer. The private backyard provides a peaceful outdoor space, adding to the unit’s appeal. Both units are independently metered for gas and electricity, while sharing a water meter for added efficiency. With excellent rental potential and flexible leasing options, this property is an ideal choice for investors looking to own a profitable piece of North Park.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name None
Zoning R-2:MINOR
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
View Y/N No
Roof Type Composition
Building
Lot Description Sprinklers Manual
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4465122200
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
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Listed by Vince Cavataio • Berkshire Hathaway HomeServices California Properties