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324 S 49th Street

San Diego, CA 92113
  • $1,299,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 240012291
$1,299,000
  • 6
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,312
    SQFT
  • $562
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1948
County:

School Ratings & Info

Description

Here's a unique opportunity: reside in the front house while leasing out the two rear units to ease your mortgage burden. Alternatively, utilize the back residences for extended family or parental accommodation. This property comprises three distinct houses, offering flexibility for multi-family living or a live-and-rent arrangement. Notably, obtaining conventional loans for the property provides added financial flexibility, with the two additional houses offering potential for rental income to assist with mortgage payments. All units have undergone substantial renovations within the past four years, showcasing contemporary amenities including tiled kitchens and baths, as well as new cabinets, vanities, and appliances. Each of the three houses has been meticulously upgraded, boasting two bedrooms and one bathroom, set on a generous 8,856 square foot lot. Benefiting from favorable zoning, there exists the opportunity to expand further by adding multiple additional units. Envision capitalizing on its potential by adding extra floors to each house or crafting a 3 or 4-story structure in between them. Presently, the property generates substantial rental income, averaging $2,700 per unit monthly. This adaptability caters to diverse living arrangements, rental income streams, or investment ventures. Moreover, the property offers flexible delivery options: it can be presented vacant for investors or with tenants, including the added convenience of one year of included property management. This adaptability renders it an appealing choice for a range of investment strategies

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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/151183812
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324 S 49th Street San Diego, CA 92113

  • Price: $1,299,000
  • Status: ACTIVE
  • On Site: 22 Days
  • ID#: 240012291
6
Beds
3
Baths
0
½ Baths
N/A
Acres
2,312
SQFT
$562
$/SQFT
1948
Built
Neighborhood:
Lincoln Park
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Here's a unique opportunity: reside in the front house while leasing out the two rear units to ease your mortgage burden. Alternatively, utilize the back residences for extended family or parental accommodation. This property comprises three distinct houses, offering flexibility for multi-family living or a live-and-rent arrangement. Notably, obtaining conventional loans for the property provides added financial flexibility, with the two additional houses offering potential for rental income to assist with mortgage payments. All units have undergone substantial renovations within the past four years, showcasing contemporary amenities including tiled kitchens and baths, as well as new cabinets, vanities, and appliances. Each of the three houses has been meticulously upgraded, boasting two bedrooms and one bathroom, set on a generous 8,856 square foot lot. Benefiting from favorable zoning, there exists the opportunity to expand further by adding multiple additional units. Envision capitalizing on its potential by adding extra floors to each house or crafting a 3 or 4-story structure in between them. Presently, the property generates substantial rental income, averaging $2,700 per unit monthly. This adaptability caters to diverse living arrangements, rental income streams, or investment ventures. Moreover, the property offers flexible delivery options: it can be presented vacant for investors or with tenants, including the added convenience of one year of included property management. This adaptability renders it an appealing choice for a range of investment strategies
Exterior Features

Entry Level Unit 1 Exterior Stucco Fencing FullPartial Lot Size 7500-10889 SF Parking Garage Description None Known Parking Non Garage Description AssignedOn SiteParking SpacePrivate Parking Non Garage Spaces 5 Parking Spaces Total 5 Pool N/K Residential Styles All Other Attached Roof Composition Topography Level

Interior Features

Bath Totals 3 Bedroom2 Dimensions 10x11 Bedroom3 Dimensions 10x12 Bedroom4 Dimensions 10x10 Bedroom5 Dimensions 10x10 Bedrooms Total 6 Cooling Swamp Cooler(s) Dining Room Dimensions 12x14 Equipment Available N/K Family Room Dimensions 12x11 Heat Equipment Wall/Gravity Heat Source Natural Gas Kitchen Dimensions 12x12 Laundry Location Inside Laundry Utilities Gas Living Room Dimensions 12x13 Master Bedroom Dimensions 10x12 Optional Bedrooms 0 Searchable Rooms Breakfast AreaDining AreaFamily Room Stories 1 Story

Property Features

Age Restrictions N/K Association ID San Diego Association of REALTORS (SDAR) Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park N/A Cross Streets Franklin Ave Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Ownership Fee Simple Property Restrictions Known None Known Residential Sub Category Attached Sales Restrictions N/K Sewer Septic Sewer Available Short Sale No Terms ConventionalExchange Units In Building 3 Units In Complex 3 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Amir Miraftab of eXp Realty of California, Inc.: 858-663-8188. 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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