Description
The McCartin Group is pleased to present 2850-52 E St, a 4-unit (3 legal units + 1 potential bootleg unit) community located in the Golden Hill neighborhood of San Diego, California. The property is situated on a 0.16-acre lot and comprised of one (1) two-bedroom/one-bathroom unit and three (3) one-bedroom/one-bathroom units totaling approximately 3,083 rentable square feet. There is also an onsite laundry room with a tenant-owned washer & dryer and a total of 6 off-street parking spaces. Perfect for a first-time investor seeking an owner-occupied investment. The front two-bedroom/one-bathroom unit is move-in ready. There is also a strong value-add component in the fast-growing San Diego area, with convenient access to highways and downtown. A rarely traded asset near jobs and infrastructure in one of the fastest-growing submarkets. Development Potential: 2850-52 E St is under the city of San Diego's Complete Community Housing Solutions Tier 3 FAR 6.5. The new owner can redevelop the property to build a max new building Square Footage of 46,364.5 SQFT. We estimate a new owner could build between 25 and 35 units. The property is also located in CA OPPORTUNITY ZONE. A less aggressive buyer can easily convert both single-car garages into ADU Units. As strictly an investment there are several nearby properties that have sold for a similar $/unit & $/sqft.
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 7:01 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 7:01 PM (UTC)
Listing Office: Marcus & Millichap
