Description
The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. Plans have been submitted to the City of San Diego to construct an 800 square foot 2 bed/2bath ADU & carport in the rear of the property. Anticipated approval is in approximately 1 week giving a new owner the opportunity to add an additional income stream to the property. Seller will Carry Short Term 1st TD w/30% Down.
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8BEDS
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N/AACRES
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8BATHS
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01/2 BATHS
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2,108SQFT
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$1,091$/SQFT
School Ratings & Info
Description
The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. Plans have been submitted to the City of San Diego to construct an 800 square foot 2 bed/2bath ADU & carport in the rear of the property. Anticipated approval is in approximately 1 week giving a new owner the opportunity to add an additional income stream to the property. Seller will Carry Short Term 1st TD w/30% Down.
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Listing provided courtesy of Acre Investment Real Estate.
Listing information © 2022 San Diego MLS Inc.
Source: SDMLS