3612 Fourth Ave.

    San Diego, CA 92103
    • $2,800,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 180061161
    UPDATED: 76 min ago
    $2,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Prime redevelopment opportunity. Sellers have completed feasibility study which shows the potential to build 17-26 units using the 50% density bonus. Recently renovated with nearly $250,000 in upgrades, this four-unit multi-family is located in the heart of Hillcrest. Upgrades allow next buyer the opportunity to increase and collect rents while completing planning and permits. See supplemental remarks... Neighborhoods: Hillcrest Other Fees: 0 Number of Furnished Units: 0

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T10:26:53.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89089277

    3612 Fourth Ave. San Diego, CA 92103

    • Price: $2,800,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 180061161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    Hillcrest
    County:
    San Diego
    Property Description
    Prime redevelopment opportunity. Sellers have completed feasibility study which shows the potential to build 17-26 units using the 50% density bonus. Recently renovated with nearly $250,000 in upgrades, this four-unit multi-family is located in the heart of Hillcrest. Upgrades allow next buyer the opportunity to increase and collect rents while completing planning and permits. See supplemental remarks... Neighborhoods: Hillcrest Other Fees: 0 Number of Furnished Units: 0
    Exterior Features

    Lot Features Sprinkler System Pool Features None Pool Private YN No Roof Composition

    Interior Features

    Cooling None Cooling YN No Heating See Remarks Heating YN Yes Levels Two

    Property Features

    Cap Rate 2.19 Country Us Gross Scheduled Income 120533.00 Net Operating Income 61385.00 Number With Dishwasher 4 Number With Patio 0 Number With Range 4 Number With Refrigerator 4 Subdivision Name Other Hillcrest

    Listing provided courtesy of Jamie Marzion of Compass and Joshua Higgins of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T10:26:53.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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