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3014-16 E Palm St

San Diego, CA 92104
  • $1,800,000
  • STATUS: ACTIVE
  • ON SITE: 19 Days
  • ID#: 240009592
UPDATED: 53 min ago
$1,800,000
  • 3
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

Description

Welcome to this fantastic investment opportunity! Four units located in the vibrant North Park! This property features a main house with 2 bedrooms and 1 bathroom, along with a second unit currently used as an Airbnb with multiple glowing 5-star reviews. In addition, there are two bonus Studios, one of which has been recently renovated. Each unit has its own outdoor space. With a 2-car garage and 1 carport space, this 4-unit property offers great flexibility. Nestled near restaurants, coffee shops, and breweries, and just a short drive from Balboa Park, the Zoo, Downtown, and beaches, this property represents a unique and profitable investment chance that you won't want to miss! *All information is reliable but not guaranteed and should be verified by buyer before close of escrow.*

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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/150143497
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3014-16 E Palm St San Diego, CA 92104

  • Price: $1,800,000
  • Status: ACTIVE
  • On Site: 19 Days
  • Updated: 53 min ago
  • ID#: 240009592
3
Beds
4
Baths
0
½ Baths
0.08
Acres
1941
Built
Neighborhood:
North Park
County:
San Diego
Area:
North Park (92104)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
Welcome to this fantastic investment opportunity! Four units located in the vibrant North Park! This property features a main house with 2 bedrooms and 1 bathroom, along with a second unit currently used as an Airbnb with multiple glowing 5-star reviews. In addition, there are two bonus Studios, one of which has been recently renovated. Each unit has its own outdoor space. With a 2-car garage and 1 carport space, this 4-unit property offers great flexibility. Nestled near restaurants, coffee shops, and breweries, and just a short drive from Balboa Park, the Zoo, Downtown, and beaches, this property represents a unique and profitable investment chance that you won't want to miss! *All information is reliable but not guaranteed and should be verified by buyer before close of escrow.*
Exterior Features

Exterior StuccoOther/Remarks Fencing Full Frontage Other/Remarks Parking For RV None Known Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 2 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 Carport Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCurbsPublic StreetSidewalksStreet PavedOther/Remarks Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 4 View N/K

Interior Features

Cooling Central Forced AirWall/Window Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air UnitOther/Remarks Heat Source ElectricNatural Gas Stories 1 Story Total Baths Unit1 1 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 4 Units With Dishwashers 2 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 4 Units With Washers 3 Water Heater Type GasOther/RemarksTankless

Property Features

Actual Cap Rate 4.5 Additional Property Use ORMKS Age Restrictions N/K Annual Expense Actual 24000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community NORTH PARK Complex Park . Cross Streets 30th Gross Rent Multiplier Actual 16.4 Gross Scheduled Income Actual 109868 Gross Scheduled Income Project 135600 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous Value in LandOther/Remarks Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Possession Call Listing Agent Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial) Tenant Pays Electricity Terms CashConventional Unit Number For Unit1 3016 Unit Number For Unit2 3014 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3000.0 Unit1 Rent Actual 2100.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 4500.0 Unit2 Rent Actual 4500.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1800.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 2000 Unit4 Rent Actual 1450.0 Vacation Rental By Owner Yes Water Meter on Property Water District CITY OF SAN DIEGO Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Andrea Frank of Compass: 619-228-1687. 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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