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$ 2,995,000
Est. payment | /mo
1.02 Acres Lot
$ 2,995,000
Est. payment | /mo
1.02 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Carmel Valley
MLS Listing ID 250026460SD
HOA Y/N No
Year Built 1945
Lot Size 1.020 Acres
Property Description
One-of-a-kind rural duplex on over 1 acre of land featuring two beautifully rustic 2-bedroom, 1-bathroom + detached office units nestled in the heart of breathtaking Torrey Hills. Enjoy tranquil coastal living in a country-like setting, just minutes from all the amenities of Torrey Hills and Del Mar. This 2-unit property has been a successful short and long-term rental. In-place long-term rents are $5,995 and $5,370, with future short-term monthly bookings grossing over $8,700 per unit. The property is a non-conforming legal duplex, which allows for incredible expansion potential. The base zoning of AR-1-2 alone permits 20% lot coverage, and statewide ADU laws could possibly allow for multiple ADUs to be built on the acre. Schematic design, topographic survey, and biological technical report are complete. The exceptional rental income and development potential make this property a once-in-a-lifetime investment opportunity in one of San Diego's most desirable locations.
Location
State CA
County San Diego
Area 92130 - Carmel Valley
Building/Complex Name Tierra Del Sur
Zoning AGRICULTUR
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Fence Partial
View Y/N Yes
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 3070620400
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA
Listing Terms Cash, Conventional, Cal Vet Loan, FHA
Listed by Gregory Robertson • Class Realty Group