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2496-98 Island

San Diego, CA 92102
  • $1,399,000
  • STATUS: ACTIVE
  • ON SITE: 15 Days
  • ID#: 240009759
UPDATED: 39 min ago
$1,399,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Don't miss out on this incredible multi-family opportunity in Sherman Heights! This stately Victorian is perfectly situated on an elevated, idyllic corner lot and is just waiting for a savvy buyer/investor to unlock its full potential. With existing benefits such as property tax savings (Mills Act FUNDED!) and a convenient location near downtown San Diego, this property offers countless possibilities for growth and improved ROI. The current unit mix includes three two-bedroom residences and a single bedroom residence, all featuring high ceilings, efficient layouts, and plenty of natural light. There is great potential to improve the property while enhancing existing views all the way from the Pacific to downtown San Diego from each level AS WELL AS from the unfinished 3rd floor WHICH ALSO provides access to a potential, rooftop viewing deck. This is a unique opportunity not to be missed. Come see what this historically significant property has to offer!

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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/150196180
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2496-98 Island San Diego, CA 92102

  • Price: $1,399,000
  • Status: ACTIVE
  • On Site: 15 Days
  • Updated: 39 min ago
  • ID#: 240009759
7
Beds
4
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Sherman Heights
County:
San Diego
Area:
San Diego (92102)
Property Description
Don't miss out on this incredible multi-family opportunity in Sherman Heights! This stately Victorian is perfectly situated on an elevated, idyllic corner lot and is just waiting for a savvy buyer/investor to unlock its full potential. With existing benefits such as property tax savings (Mills Act FUNDED!) and a convenient location near downtown San Diego, this property offers countless possibilities for growth and improved ROI. The current unit mix includes three two-bedroom residences and a single bedroom residence, all featuring high ceilings, efficient layouts, and plenty of natural light. There is great potential to improve the property while enhancing existing views all the way from the Pacific to downtown San Diego from each level AS WELL AS from the unfinished 3rd floor WHICH ALSO provides access to a potential, rooftop viewing deck. This is a unique opportunity not to be missed. Come see what this historically significant property has to offer!
Exterior Features

Boat Facilities No/Unknown Exterior Wood Fencing Other/Remarks Frontage Other/Remarks Frontage Dimensions In Feet 75 Irrigation AutomaticSprinklers Lot Dimensions Approx 75x95 Parking For RV Other/Remarks 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 Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Corner Lot Spa N/K Spa Heat None Known Topography Other/Remarks 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 View CityOther/Remarks

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories Other/Remarks Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park Sherman Heights Cross Streets 25th Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 0 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Central Miscellaneous Other/Remarks Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close of Escrow Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial) Tenant Pays Cable TVElectricityGas/Propane Terms Cash Unit Number For Unit1 2496 Unit Number For Unit2 2496.5 Unit Number For Unit3 2498 Unit Number4 2498.5 Unit1 Deposit 350 Unit1 Occupied Tenant Unit1 Rent Actual 1606.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Rent Actual 0.0 Unit3 Deposit 1650 Unit3 Occupied Tenant Unit3 Rent Actual 2167.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Rent Actual 0.0 Vacation Rental By Owner No Water Meter on Property Water District CITY OF SAN DIEGO

San Diego MLS logo Listing provided courtesy of Dino Morabito of Better Homes and Gardens Real Estate Napolitano & Associates: 619-987-3066. 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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