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1833-37 Fern St

San Diego, CA 92102
  • $2,999,999
  • STATUS: ACTIVE
  • ON SITE: 350 Days
  • ID#: 230014564
UPDATED: 75 min ago
$2,999,999
  • 7
    BEDS
  • 0.11
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,696
    SQFT
  • $812
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

Description

VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available! 1833 Fern St: SFR with 4 Bedrooms + 3 Bathrooms, 1640 SF, 2 side-by-side uncovered parking spaces, Central AC/Heat - 1835 Fern St. Unit A: 1st floor, 1 bedroom + 1 bathroom, 750 SF + 1 off-street uncovered parking - 1835 Fern St. Unit B: 2nd floor, 1 bedroom + 1 bathroom, 750 SF, + 2 tandem style off-street uncovered parking spaces - The new construction ADUs, side by side 2 story "row home style" 1 bedroom + 1 bathroom, AC/Heat, 565 SF, no parking spaces, 1 unit enters alley side, 1 unit enters on the Fern St. Side.

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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/141908873
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1833-37 Fern St San Diego, CA 92102

  • Price: $2,999,999
  • Status: ACTIVE
  • On Site: 350 Days
  • Updated: 75 min ago
  • ID#: 230014564
7
Beds
6
Baths
0
½ Baths
0.11
Acres
3,696
SQFT
$812
$/SQFT
2023
Built
Neighborhood:
South Park
County:
San Diego
Area:
San Diego (92102)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available! 1833 Fern St: SFR with 4 Bedrooms + 3 Bathrooms, 1640 SF, 2 side-by-side uncovered parking spaces, Central AC/Heat - 1835 Fern St. Unit A: 1st floor, 1 bedroom + 1 bathroom, 750 SF + 1 off-street uncovered parking - 1835 Fern St. Unit B: 2nd floor, 1 bedroom + 1 bathroom, 750 SF, + 2 tandem style off-street uncovered parking spaces - The new construction ADUs, side by side 2 story "row home style" 1 bedroom + 1 bathroom, AC/Heat, 565 SF, no parking spaces, 1 unit enters alley side, 1 unit enters on the Fern St. Side.
Exterior Features

Exterior Stucco Fencing Full Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 TandemUncovered Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Alley AccessPublic StreetStreet Paved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 3 View CityEvening LightsValley/Canyon

Interior Features

Cooling Central Forced AirWall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment FireplaceForced Air UnitWall/Gravity Heat Source ElectricNatural Gas Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 1 Units With Dryers 5 Units With Fireplaces 1 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 5 Water Heater Type ElectricGasTankless

Property Features

Actual Cap Rate 2.3 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 3330 Annual Expense Projected 5550 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Complex Features N/K Complex Park N/A Cross Streets Fir Gross Rent Multiplier Actual 40.47 Gross Rent Multiplier Project 19.18 Gross Scheduled Income Actual 79050 Gross Scheduled Income Project 166800 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 156792 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close of Escrow Projected Cap Rate 4.9 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerWaterElectricityGas/PropaneOther/Remarks Terms CashConventionalExchangeVAOther/Remarks Unit Number For Unit1 1833 Unit Number For Unit2 1835 A Unit Number For Unit3 1835 B Unit Number4 1837 1 & 2 Unit1 Deposit 4100 Unit1 Occupied Tenant Unit1 Projected Rent 4900.0 Unit1 Rent Actual 3200.0 Unit2 Deposit 1600 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 1350.0 Unit3 Deposit 1850 Unit3 Occupied Tenant Unit3 Projected Rent 2500 Unit3 Rent Actual 1350.0 Unit4 Deposit 2800 Unit4 Occupied Tenant Unit4 Projected Rent 2300 Unit4 Rent Actual 2300.0 Water Meter on PropertyOther/Remarks Water District CITY OF SAN DIEGO Zoning RM 3-5

San Diego MLS logo Listing provided courtesy of Leslie Duvernay of Compass: 619-554-8520. 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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