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$ 2,950,000
Est. payment | /mo
6,259 Sqft Lot
$ 2,950,000
Est. payment | /mo
6,259 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250041554SD
HOA Y/N No
Lot Size 6,259 Sqft
Property Sub-Type Mixed Use
Property Description
8 Pride of Ownership Normal Heights units just 1/2 block south of Adams Avenue. 6 of the 8 units have been fully renovated featuring: granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators-dishwashers-microwaves-stoves, wood laminate floors, dual pane windows, etc. The property features: two 2-car garages, 5 open parking spaces, secured gated access, owned cashless laundry room (also renovated), new main electric panel, new 50-year roof (2016), new exterior paint (2023), zero scape landscaping, and completed balcony inspection (2025). Building was re-piped in 2015 and tented for termites in 2021. The 2 non-renovated units are in great condition and also have wood laminate flooring. There is significant potential for increased cash flow, as current rents are 12% to 15% below market rates. Investors have the option to further maximize returns by either converting the two double garages into Accessory Dwelling Units (ADUs) or charging tenants for garage usage.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Total Parking Spaces 9
Others
Tax ID 439322400
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Virtual Tour https://realestate.28photos.com/vd/216956376
Listed by Mark Morgan South Coast Commercial, Inc.