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3404 Russell St

San Diego, CA 92106
  • $2,399,000
  • STATUS: PENDING
  • ON SITE: 185 Days
  • ID#: 230020594
Pending
$2,399,000
  • 5
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,709
    SQFT
  • $886
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Description

GORGEOUS NEW DETACHED UNITS AVAILABLE NOW!!! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month ADU 1: $6,500/month ADU 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional ADU units are brand new builds. ADU 1 is 1119 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. ADU 2 (Studio Junior ADU) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities. Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,119 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 ADU's completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new ADUs will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1119 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. ADU 1: New Construction - A 3-bed, 2-bath unit with 1,190 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. ADU 2: New Construction - A Studio Junior ADU with wood floors, ideal for rental adjacent to ADU 1 $2,500 per month.

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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.
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3404 Russell St San Diego, CA 92106

  • Price: $2,399,000
  • Status: PENDING
  • On Site: 185 Days
  • ID#: 230020594
5
Beds
5
Baths
0
½ Baths
N/A
Acres
2,709
SQFT
$886
$/SQFT
1939
Built
Neighborhood:
Loma Portal
County:
San Diego
Area:
Point Loma (92106)
Property Description
GORGEOUS NEW DETACHED UNITS AVAILABLE NOW!!! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month ADU 1: $6,500/month ADU 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional ADU units are brand new builds. ADU 1 is 1119 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. ADU 2 (Studio Junior ADU) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities. Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,119 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 ADU's completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new ADUs will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1119 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. ADU 1: New Construction - A 3-bed, 2-bath unit with 1,190 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. ADU 2: New Construction - A Studio Junior ADU with wood floors, ideal for rental adjacent to ADU 1 $2,500 per month.
Exterior Features

Exterior Stucco Fencing Full Frontage N/K Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3 View BayCityEvening LightsMountains/HillsValley/Canyon

Interior Features

Cooling Central Forced Air Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories Other/Remarks Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type GasTankless

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 24000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park 0 Cross Streets Plum Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 14.36 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 174000 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Net Operating Income Projected 150000 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.0 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalFHAVA Unit Number For Unit1 2036 Unit Number For Unit2 2038 Unit Number For Unit3 3404 Unit1 Deposit 2500 Unit1 Occupied Vacant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 0.0 Unit2 Deposit 6500 Unit2 Occupied Vacant Unit2 Projected Rent 6500.0 Unit2 Rent Actual 0.0 Unit3 Deposit 5500 Unit3 Occupied Owner Unit3 Projected Rent 5500 Unit3 Rent Actual 0.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Nathan Winnett of eXp Realty of California, Inc.: 858-829-1204. 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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516 5th Avenue
San Diego CA, 92101