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2102-8 Drescher St

San Diego, CA 92111
  • $2,800,000
  • STATUS: ACTIVE
  • ON SITE: 64 Days
  • ID#: 230024277
UPDATED: 146 min ago
$2,800,000
  • 12
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,996
    SQFT
  • $701
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

We are pleased to present 2108 Drescher St, a 4-unit complex in the Linda Vista Neighborhood of San Diego, California. The asset features four (4) turnkey units as well as approved plans that will allow the next owner to build eleven (11) ADUs on the site. The property currently boasts a unit-mix of four (4) three-bedroom / two-bathroom floorplans averaging 999 square feet. Units have undergone extensive luxury renovations with no expenses spared and with the upmost importance to quality. Interiors feature plenty of natural sunlight, are appointed with premium designer fixtures and finishes, contain sleek quartz countertops and top-of-the-line stainless steel appliances, ample parking for each unit, two separated floors for the kitchen and bedrooms, and in unit washer and dryer. The property also comes with tremendous upside with pre-approved plans that will allow the implementation of eleven (11) ADUs, further driving up the value of this property. The new ADU units will be comprised of five (5) one-bedroom/one bathroom and six (6) two-bedroom/one-bathroom units that total 5,810 rentable sq ft. Three (3) one-bedroom and one (1) two-bedroom units will be designated affordable.

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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/146189963
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2102-8 Drescher St San Diego, CA 92111

  • Price: $2,800,000
  • Status: ACTIVE
  • On Site: 64 Days
  • Updated: 146 min ago
  • ID#: 230024277
12
Beds
8
Baths
0
½ Baths
N/A
Acres
3,996
SQFT
$701
$/SQFT
1941
Built
Neighborhood:
Linda Vista
County:
San Diego
Area:
Linda Vista (92111)
Property Description
We are pleased to present 2108 Drescher St, a 4-unit complex in the Linda Vista Neighborhood of San Diego, California. The asset features four (4) turnkey units as well as approved plans that will allow the next owner to build eleven (11) ADUs on the site. The property currently boasts a unit-mix of four (4) three-bedroom / two-bathroom floorplans averaging 999 square feet. Units have undergone extensive luxury renovations with no expenses spared and with the upmost importance to quality. Interiors feature plenty of natural sunlight, are appointed with premium designer fixtures and finishes, contain sleek quartz countertops and top-of-the-line stainless steel appliances, ample parking for each unit, two separated floors for the kitchen and bedrooms, and in unit washer and dryer. The property also comes with tremendous upside with pre-approved plans that will allow the implementation of eleven (11) ADUs, further driving up the value of this property. The new ADU units will be comprised of five (5) one-bedroom/one bathroom and six (6) two-bedroom/one-bathroom units that total 5,810 rentable sq ft. Three (3) one-bedroom and one (1) two-bedroom units will be designated affordable.
Exterior Features

Exterior Wood/Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Wall/Window Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 0 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 4.32 Age Restrictions Other/Remarks Annual Expense Actual 53676 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community LINDA VISTA Complex Park Fourplex Cross Streets Tait St Gross Rent Multiplier Actual 15.56 Gross Scheduled Income Actual 180000 Mandatory Remarks None Known Market Area Metro Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions Call Agent Security Other/Remarks Short Sale No Tenant Pays WaterCable TVElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 2102 Unit Number For Unit2 2104 Unit Number For Unit3 2106 Unit Number4 2108 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 3600.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 3800.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Rent Actual 3800.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Rent Actual 3800.0

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. 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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San Diego CA, 92101