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1301 Granada Ave

San Diego, CA 92102
  • $1,895,000
  • STATUS: ACTIVE
  • ON SITE: 37 Days
  • ID#: 240005555
$1,895,000
  • 4
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $758
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

Historic Duplex on corner lot in South Park. This property blends historic charm with all the modern amenities and details South Park & Golden Hill is known for. Completely transformed with a fresh modern style, each unit consists of 2 Beds and 2 Baths and features a separate entrance for each unit. The new kitchens features custom-made French Oak cabinets, wide plank flooring, high-end appliances. The bathrooms have massive floor-to-ceiling tiled showers and gorgeous stone countertops. The upstairs opens to a large space with lots natural light and an outdoor deck with views. The new primary bedroom upstairs has three closets and a large en-suite bathroom with walk-in shower. In addition, the downstairs unit has a bonus room with wrap around windows and plenty of outdoor space. Plus, the massive basement can be used as a wine cellar, large storage area, or possibly a third unit. This property is a historic home and is pending approval for the Mill’s Act which will allow your property taxes to be up significantly lower. A rare home that is conveniently located near everything in South Park & Golden Hill. Ideal for an owner to live in one unit and short term rental the other. Reports show property could conservatively generate $75,000/ year in short term rental income for one unit only! Reports available for review. Ask listing agent for more details. Property is currently pending Mills Act approval with the city and will go into effect in 2025. Property is also on the waiting list with the Quieter Home Program where the airport will replace all the wood windows at no cost to seller with double pained wood windows. Listing agent can give more details about timeline and process for both Mills act approval and window replacement program.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. 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, non-commercial 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/148580050
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1301 Granada Ave San Diego, CA 92102

  • Price: $1,895,000
  • Status: ACTIVE
  • On Site: 37 Days
  • ID#: 240005555
4
Beds
4
Baths
0
½ Baths
0.08
Acres
2,500
SQFT
$758
$/SQFT
1912
Built
Neighborhood:
South Park
County:
San Diego
Area:
San Diego (92102)
Property Description
Historic Duplex on corner lot in South Park. This property blends historic charm with all the modern amenities and details South Park & Golden Hill is known for. Completely transformed with a fresh modern style, each unit consists of 2 Beds and 2 Baths and features a separate entrance for each unit. The new kitchens features custom-made French Oak cabinets, wide plank flooring, high-end appliances. The bathrooms have massive floor-to-ceiling tiled showers and gorgeous stone countertops. The upstairs opens to a large space with lots natural light and an outdoor deck with views. The new primary bedroom upstairs has three closets and a large en-suite bathroom with walk-in shower. In addition, the downstairs unit has a bonus room with wrap around windows and plenty of outdoor space. Plus, the massive basement can be used as a wine cellar, large storage area, or possibly a third unit. This property is a historic home and is pending approval for the Mill’s Act which will allow your property taxes to be up significantly lower. A rare home that is conveniently located near everything in South Park & Golden Hill. Ideal for an owner to live in one unit and short term rental the other. Reports show property could conservatively generate $75,000/ year in short term rental income for one unit only! Reports available for review. Ask listing agent for more details. Property is currently pending Mills Act approval with the city and will go into effect in 2025. Property is also on the waiting list with the Quieter Home Program where the airport will replace all the wood windows at no cost to seller with double pained wood windows. Listing agent can give more details about timeline and process for both Mills act approval and window replacement program.
Exterior Features

Exterior StuccoWood/Stucco Fencing N/K Frontage N/K Irrigation N/K Parking For RV On-Site ParkingPotential Space Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 UncoveredGuest Parking Parking Non Garage Desc Unit2 UncoveredGuest Parking Pool N/K Pool Heat None Known Roof Composition Site Corner LotPublic StreetRear Yd Str AccessSidewalksStreet Paved Spa N/K Spa Heat None Known Topography LevelSlope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment FireplaceForced Air Unit Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type ElectricGasOther/Remarks

Property Features

Actual Cap Rate 6.9 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Features N/K Complex Park Historic Golden Hill Cross Streets Granada Ave & A St Gross Rent Multiplier Actual 14.5 Gross Rent Multiplier Project 0.0 Gross Scheduled Income Actual 138000 Gross Scheduled Income Project 0 Home Owners Assoc Fee Includes N/K Home Owners Assoc Payment Freq N/K Home Owners Fee Reflects None Known Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/RemarksClose of Escrow Projected Cap Rate 0.0 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial)Wired High Speed Internet Tenant Pays N/K Terms CashConventionalExchangeFHAVA Unit Number For Unit1 Unit A Unit Number For Unit2 Unit B Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 5500.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 6000.0 Unit2 Rent Actual 0.0 Water Meter on Property Water District CITY OF SAN DIEGO Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Seth Struiksma of Compass: 714-448-4699. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. 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, non-commercial 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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