$1,500,000
$1,549,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
SOLD DATE : 06/26/2025
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision East San Diego
MLS Listing ID 250023914
Sold Date 06/26/25
Bedrooms 5
Year Built 1940
Property Sub-Type Res Income 2-4 Units
Property Description
Unlock the full potential of this ideally located triplex in one of San Diego's most promising growth corridors. Situated on a nearly 8,000 SF lot with alley access, this income-generating property offers immediate cash flow and serious upside. Currently configured as a charming 1940s Spanish-style front home plus two rear units, the property generates $7,530/month in rental income. The front 3BD/2BA home leased at $3,590/month through 9/2025, with two updated 1BD/1BA units leased through 10/2025. Each unit features updated kitchens and baths, modern vinyl flooring, private fenced patios, and in-unit laundry. But the true value lies in what's next. The owner has completed architectural plans and surveys for a 950 SF 4th unit—a 2BD/1BA with an attached 2-car garage and 3 additional carport spaces off the alley. Plans are ready to submit for permits, and new zoning may allow for up to 6 units total. Whether you're looking to build out now or hold for future development, this is a rare opportunity to expand your portfolio in a high-demand rental area just minutes from SDSU, transit lines, and major redevelopment zones. Newer white reflective roofs (2018), updated interiors, and flexible layout also make this a great owner-occupant option—live in the front, build and cash-flow the back. Don't miss this chance to invest in long-term appreciation, passive income, and scalable development potential in a location poised for explosive growth.
Location
State CA
County San Diego
Area Metro Uptown
Direction from I-8 70th St South to Mohawk. Alley behind provides separate access to rear units and easy parking .
Interior
Heating Wall/Gravity, Zoned Areas
Cooling Heat Pump(s), Zoned Area(s)
Fireplace No
Exterior
Fence Gate
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
Roof Type Other/Remarks
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Tax ID 468-161-23-00
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Bought with Assaf Avissar Coldwell Banker West
