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3929-3931 California Street

San Diego, CA 92110
  • $1,800,000
  • STATUS: ACTIVE
  • ON SITE: 27 Days
  • ID#: 240011737
UPDATED: 173 min ago
$1,800,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,743
    SQFT
  • $1,033
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Fantastic investment opportunity! 2-unit rental property with potential ability to update up to 8 units. Panoramic bay and downtown views, and close proximity to both downtown and beaches, create year-round demand for this fantastic location. The front unit is perched over a single car garage and features two bedrooms & 1 bath, a full kitchen with breakfast nook, side-by-side laundry, and a private yard with hot tub. The back unit is a one bedroom/one bath unit with stacked laundry. Both units have charming architectural details, including beautiful wood floors and even a hidden closet. Front unit is currently used as an Airbnb, and the back unit was used as a rental.

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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/150925568
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3929-3931 California Street San Diego, CA 92110

  • Price: $1,800,000
  • Status: ACTIVE
  • On Site: 27 Days
  • Updated: 173 min ago
  • ID#: 240011737
3
Beds
2
Baths
0
½ Baths
0.14
Acres
1,743
SQFT
$1,033
$/SQFT
1920
Built
Neighborhood:
Middletown
County:
San Diego
Area:
Old Town Sd (92110)
Property Description
Fantastic investment opportunity! 2-unit rental property with potential ability to update up to 8 units. Panoramic bay and downtown views, and close proximity to both downtown and beaches, create year-round demand for this fantastic location. The front unit is perched over a single car garage and features two bedrooms & 1 bath, a full kitchen with breakfast nook, side-by-side laundry, and a private yard with hot tub. The back unit is a one bedroom/one bath unit with stacked laundry. Both units have charming architectural details, including beautiful wood floors and even a hidden closet. Front unit is currently used as an Airbnb, and the back unit was used as a rental.
Exterior Features

Exterior Wood Fencing Full Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 1 Roof Composition Spa Private Portable Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 1 View BayCity

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1

Property Features

Actual Cap Rate 6.5 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community MISSION HILLS Complex Park MERIDEATH JONES MAP Cross Streets San Diego Avenue Gross Rent Multiplier Actual 13.8 Gross Scheduled Income Actual 130000 Mandatory Remarks None Known Market Area Metro Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays WaterCable TVElectricityGas/Propane Terms CashConventional Unit Number For Unit1 3929 Unit Number For Unit2 3931 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 1900.0 Unit1 Rent Actual 1500.0 Unit2 Deposit 2600 Unit2 Occupied Tenant Unit2 Projected Rent 2600.0 Unit2 Rent Actual 2600.0 Water Meter on Property Zoning COMMERCIAL

San Diego MLS logo Listing provided courtesy of Bobby Martins of eXp Realty of California, Inc: 858-204-7259. 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