$975,000
$999,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
857 SqFt
SOLD DATE : 06/13/2024
Key Details
Sold Price $975,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 857 sqft
Price per Sqft $1,137
Subdivision Normal Heights
MLS Listing ID 240005834
Sold Date 06/13/24
Style Detached
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1913
Property Description
Great investment opportunity in Normal Heights to maximize a large 15,000SF lot to build 3 x 1200SF ADU's. Many different avenues an investor can take to get rents over $15,000/month by the time the entire property is developed to its highest and best use. Turn a single-family home property into a 4 unit in a neighborhood that is set to appreciate big time. A savy investor may choose to remodel the front house and move in while they get plans and permits approved to build 3x 1200SF ADU's in the backyard. Upon stabilization an investor could rent 3 units at market rate and the 4th unit as an affordable unit using San Diego code. Verify all with your architect.
Location
State CA
County San Diego
Community Normal Heights
Area Normal Heights (92116)
Building/Complex Name none
Rooms
Family Room 18x14
Master Bedroom 18x10
Bedroom 2 10x10
Living Room 18x14
Dining Room 10x7
Kitchen 14x10
Interior
Heating Natural Gas
Laundry Garage
Exterior
Exterior Feature Wood
Garage Detached
Garage Spaces 2.0
Fence Partial
Roof Type Shingle
Total Parking Spaces 6
Building
Story 1
Lot Size Range .5 to 1 AC
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Ownership Fee Simple
Acceptable Financing Exchange
Listing Terms Exchange
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Bought with Christopher J Luna • Cypress Realty & Mortgage
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States