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2850-52 E Street

San Diego, CA 92102
  • $1,750,000
  • STATUS: ACTIVE
  • ON SITE: 27 Days
  • ID#: 240007377
UPDATED: 70 min ago
$1,750,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,083
    SQFT
  • $568
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

MAJOR REDEVELOPMENT OPPORTUNITY IN GOLDEN HILL! Welcome to 2850-52 E St! The property is under the city of San Diego's Complete Community Housing Solutions Tier 3 FAR 6.5. The new owner can build up to 6 times of the lot size or continue to keep it as a cash flowing 4-plex. The property is situated on a 0.16-acre lot and is a blend of one two bedroom one bathroom unit and three one bedroom one bathroom units. Tenant owned washer and dryer on site and very rare for the area, 6 private parking spots. Ability to rent the garage for additional storage for tenants or potential to convert to a studio.

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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/149654435
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2850-52 E Street San Diego, CA 92102

  • Price: $1,750,000
  • Status: ACTIVE
  • On Site: 27 Days
  • Updated: 70 min ago
  • ID#: 240007377
5
Beds
4
Baths
0
½ Baths
0.16
Acres
3,083
SQFT
$568
$/SQFT
1952
Built
Neighborhood:
Golden Hill
County:
San Diego
Area:
San Diego (92102)
Property Description
MAJOR REDEVELOPMENT OPPORTUNITY IN GOLDEN HILL! Welcome to 2850-52 E St! The property is under the city of San Diego's Complete Community Housing Solutions Tier 3 FAR 6.5. The new owner can build up to 6 times of the lot size or continue to keep it as a cash flowing 4-plex. The property is situated on a 0.16-acre lot and is a blend of one two bedroom one bathroom unit and three one bedroom one bathroom units. Tenant owned washer and dryer on site and very rare for the area, 6 private parking spots. Ability to rent the garage for additional storage for tenants or potential to convert to a studio.
Exterior Features

Exterior Wood/StuccoOther/Remarks Fencing Partial 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 Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 Tandem Parking Non Garage Desc Unit2 Tandem Parking Non Garage Desc Unit3 Tandem Parking Non Garage Desc Unit4 Tandem Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCurbsPublic Street 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 2 View N/K

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 Other/Remarks Stories 2 Story 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 0 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 2.4 Age Restrictions N/K Annual Expense Actual 25675 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park N/A Cross Streets 28th and Broadway Gross Rent Multiplier Actual 42.7 Gross Rent Multiplier Project 14.3 Gross Scheduled Income Actual 43320 Gross Scheduled Income Project 129300 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 103625 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Call Listing Agent Projected Cap Rate 5.6 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerTrashWaterElectricityGas/Propane Terms CashConventional Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2375.0 Unit1 Rent Actual 1825.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2375.0 Unit2 Rent Actual 1785.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 3200 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 2375 Unit4 Rent Actual 0.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Jack Archie of Pacific Plains Realty: 619-618-5995. 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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