$930,000
$899,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
4,342 Sqft Lot
SOLD DATE : 11/22/2024
Key Details
Sold Price $930,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 240023686SD
Sold Date 11/22/24
HOA Y/N No
Year Built 1958
Lot Size 4,342 Sqft
Property Description
Attention real estate investors! This turnkey duplex in rapidly redeveloping City Heights presents a prime opportunity for value-add and long-term growth. Both units are rented on month-to-month leases, with current rents significantly below market, offering immediate upside potential. The property features a single building with upper and lower 2 BD/1 BA units, each 864 SF, that have been fully renovated. Highlights include modern kitchens with quartz countertops, stainless steel appliances, white shaker cabinetry, washer/dryer hookups, and luxury vinyl plank flooring in the kitchen, dining, and expansive living areas. Recent updates also include interior paint, dual-pane windows, and remodeled baths with updated vanities and fixtures. (See supplement for more!) Infrastructure improvements, such as a new concrete parking slab, newer gas lines, a replaced water line in the upper unit, and roof maintenance, ensure low future maintenance costs. The lower unit enjoys a private rear yard with pavers, while both units share a fully fenced, spacious front yard—ideal for pets or children. Alley access, 2 off-street assigned parking spaces, and a massive front yard offer potential for expansion, possibly for an ADU (verify via CUPD-CU-3-6). Whether you are looking to capitalize on the upside potential by increasing rents, develop further, or live in one unit and rent out the other, this duplex offers a flexible and lucrative investment opportunity in a growing market!
Location
State CA
County San Diego
Area 92105 - East San Diego
Building/Complex Name City Heights Duplex
Zoning R4-Multipl
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
View None
Roof Type Rolled/Hot Mop
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4761000600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing FHA
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Bought with Jessica Dixon • Real Broker
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "