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939-41 Loring Street

San Diego, CA 92109
  • $2,750,000
  • STATUS: ACTIVE
  • ON SITE: 30 Days
  • ID#: 240007710
UPDATED: 165 min ago
$2,750,000
  • 7
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,985
    SQFT
  • $921
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

Description

Located in quiet North PB, a rare triplex gem awaits just steps away from Law Street and Tourmaline beaches. This property, making only its second appearance on the market in over 80 years, offers a unique investment opportunity. The main house is a charming, updated two-story 3-bedroom, 2-bathroom bungalow, complemented by a private front yard and a brand-new Trex® deck in the front and a private fenced-in patio in the back. Two bedrooms and one bath are located downstairs, while upstairs, a spacious primary bedroom suite awaits. Inside, discover the convenience of indoor laundry and a large dine-in kitchen, featuring a new GE gas range and ample counter space for culinary delights. Tons of storage space throughout. The private fenced red-brick patio in the back invites relaxation with a gas fireplace, gas BBQ, outdoor dining area, and a 6-person spa. Parking is a breeze with a long paved driveway accommodating two vehicles. The property also features a separate duplex, each unit with 2 bedrooms and 1 bathroom. The downstairs unit boasts a semi-private patio surrounded by a tropical garden space, while the recently remodeled upstairs unit shines with new bathroom fixtures, kitchen upgrades, new flooring, dual-pane windows, and slider opening to a partially enclosed 300 sq ft Lanai. A one-car garage and an additional parking space in the alley provide convenience, with shared laundry facilities and extra storage space for the duplex tenants. The main house operates as a top-producing short-term rental with long-term tenants in the back units.DO NOT DISTURB TENANTS

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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/149713531
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939-41 Loring Street San Diego, CA 92109

  • Price: $2,750,000
  • Status: ACTIVE
  • On Site: 30 Days
  • Updated: 165 min ago
  • ID#: 240007710
7
Beds
4
Baths
0
½ Baths
N/A
Acres
2,985
SQFT
$921
$/SQFT
1942
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Located in quiet North PB, a rare triplex gem awaits just steps away from Law Street and Tourmaline beaches. This property, making only its second appearance on the market in over 80 years, offers a unique investment opportunity. The main house is a charming, updated two-story 3-bedroom, 2-bathroom bungalow, complemented by a private front yard and a brand-new Trex® deck in the front and a private fenced-in patio in the back. Two bedrooms and one bath are located downstairs, while upstairs, a spacious primary bedroom suite awaits. Inside, discover the convenience of indoor laundry and a large dine-in kitchen, featuring a new GE gas range and ample counter space for culinary delights. Tons of storage space throughout. The private fenced red-brick patio in the back invites relaxation with a gas fireplace, gas BBQ, outdoor dining area, and a 6-person spa. Parking is a breeze with a long paved driveway accommodating two vehicles. The property also features a separate duplex, each unit with 2 bedrooms and 1 bathroom. The downstairs unit boasts a semi-private patio surrounded by a tropical garden space, while the recently remodeled upstairs unit shines with new bathroom fixtures, kitchen upgrades, new flooring, dual-pane windows, and slider opening to a partially enclosed 300 sq ft Lanai. A one-car garage and an additional parking space in the alley provide convenience, with shared laundry facilities and extra storage space for the duplex tenants. The main house operates as a top-producing short-term rental with long-term tenants in the back units.DO NOT DISTURB TENANTS
Exterior Features

Exterior StuccoWood Fencing Partial Frontage Other/Remarks Irrigation Other/Remarks Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Tandem Parking Non Garage Desc Unit3 Assigned Pool N/K Pool Heat None Known Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 3

Interior Features

Cooling Wall/Window Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories Other/Remarks Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 3 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1

Property Features

Actual Cap Rate 4.1 Age Restrictions N/K Annual Expense Actual 31100 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community PACIFIC BEACH Complex Features Laundry FacilitiesOther/Remarks Complex Park Pacific Beach Cross Streets Bayard Gross Rent Multiplier Actual 18.59 Gross Scheduled Income Actual 147933 Mandatory Remarks None Known Market Area Coastal South Miscellaneous N/K Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TVElectricity Terms CashConventionalExchangeVA Unit Number For Unit1 939 Unit Number For Unit2 941 Unit Number For Unit3 941 1/2 Unit1 Deposit 12000 Unit1 Occupied Tenant Unit1 Projected Rent 15000.0 Unit1 Rent Actual 12000.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2900.0 Unit2 Rent Actual 2000.0 Unit3 Deposit 3250 Unit3 Occupied Tenant Unit3 Projected Rent 3500 Unit3 Rent Actual 3250.0

San Diego MLS logo Listing provided courtesy of Steve Shulman of RE/MAX Connection: 858-272-1234. 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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