Description
Welcome to this stunning five-unit property located in the charming and very walkable South Park neighborhood of San Diego. This is an excellent opportunity for an owner-occupant or a savvy investor. The main home of this property is a beautiful 4 bed 3 bath two-story Craftsman-style home that has been meticulously maintained by a long-term renter. In addition to the large main home, there are 4 additional 1 bedroom 1 bathroom rental units, 2 of which are new 2023 construction. Once stabilized, this property could bring in upwards of $14,280+ in gross rents or push that a little further by having a mix of short-term rentals and long-term rentals. With South Park's amazing location, the highest and best use for the two new construction units would be STR's which could bring in approximately $125-$199/night or approximately $3600/month/unit in gross rents - with the combination of short term and long term rentals this property could reach gross rents of upwards of $17,000 per month. With a location that is second to none, you'll be able to walk to everything South Park offers, including amazing restaurants, shopping, bars, parks, hiking trails, the zoo, and even the airport. See offering memorandum for more specifics!
Location
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prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 21st September, 2023 6:01 PM (UTC)
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of
an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 21st September, 2023 6:01 PM (UTC)
Listing Office: Compass
