This exceptional 9-unit multi-family investment offers strong income potential with significant upside. Situated on two separate lots with independent APNs, the property consists of three buildings: four 1-bedroom, 1-bath units, four 2-bedroom, 1-bath units, and a charming stand-alone bungalow with a bonus room/spare bedroom/den, that can be used by an… Read More owner to manage the units. The majority of units have been updated. The property remains consistently occupied with stable, long-term tenants and is currently rented well below market, presenting a fantastic value-add opportunity. Ideally located on a tree-lined street in a quiet yet convenient neighborhood near UCSD Medical Center, Scripps Mercy Hospital, shopping, restaurants, and major freeways. This well-positioned asset ensures high tenant demand and long-term growth. Don’t miss out on this exceptional investment. Read Less
Listing Snapshot
Days Online
26
Last Updated
Property Type
Mixed Use
Lot Size
0.23 Acres
MLS Number
250019118SD
30 Days Snapshot Of 92103
$1,312k
-11%
(avg) sold price
29
-9%
homes sold
78
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3 buildings, Construction materials: Drywall, Frame, Stucco
Cooling
WallWindowUnits
Expenses
Operating expense: $47,447
Heating
WallFurnace
Income
Net operating income: $135,802
Lot
0.2294 acres, 9,994 square feet, Size: 9,994
Property
Zoning: R-4
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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