5 Beds
4 Baths
2,100 SqFt
Pending
Price reduced! Charming, renovated 1939 triplex perfect for owner-occupant. Downtown/Bay views. Extremely well-located at the junction of highly desirable Middletown, Mission Hills, and Bankers Hill. Tenant occupied, but possibility for owner-occupant - call for details. 2 structures. 5,621 SF corner parcel. Front is a 2bed/2bath turnkey house est. @ 1,100 SF w/ private side covered porch with exclusive Downtown and bay views. Interior has been tastefully renovated - all new kitchen/baths, lighting, flooring, paint, SS appliances, cabinets. Rented to long-term tenant at $4.5K/month. Rear 2-story duplex w/ (2) 1bed/1bath units, est. @ 500 SF each, rented to month-month tenants. These units have been recently refreshed but are primed for further upgrades + rent upside. Tenants enjoy private fenced front/side yard areas for additional outdoor relaxation/BBQ space. Newer windows, electrical upgrades, newer mini-split HVAC systems, and exterior landscaping upgrades with new fencing, paint, and drought-tolerant plants. 2 carports offering at least 3 off-street parking spaces and a common-area laundry room for additional income. All units have some views of either Downtown, the Bay or both. Zoned RM-2-5; base density of 1 unit/1,500 SF of land. Complete Communities (Tier 3/6.5x FAR) and Transit Priority Area Overlay zones, both of which lend significant density bonus potential and reduced parking requirements in this prized, coastal location. Fantastic long-term opportunities for investors and developers to explore significant high-density development options. Seller has confirmed any preexisting historical restrictions can be waived; airport authority will allow up to 60’ max. new bldg. height, and has also completed a preliminary architect feasibility study for development of 20-40 multifamily units. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!
Property Details | ||
---|---|---|
Price | $1,695,000 | |
Bedrooms | 5 | |
Full Baths | 4 | |
Total Baths | 4 | |
Lot Size Area | 5621 | |
Lot Size Area Units | Square Feet | |
Acres | 0.129 | |
Property Type | Residential | |
Sub type | Triplex | |
MLS Sub type | Triplex | |
Stories | 2 | |
Year Built | 1939 | |
View | Bay,City Lights,Coastline,Neighborhood,See Remarks,Water | |
Lot Description | Back Yard,Corner Lot,Front Yard,Garden,Landscaped,Level with Street,Level,Near Public Transit,Park Nearby,Paved,Utilities - Overhead,Value In Land,Yard | |
Laundry Features | Common Area,Dryer Included,Gas & Electric Dryer Hookup,Washer Hookup,Washer Included | |
Pool features | None | |
Parking Spaces | 3 | |
Garage spaces | 0 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Google Maps | |
County | San Diego | |
Latitude | 32.731486 | |
Longitude | -117.170394 | |
Market Area | 92103 - Mission Hills | |
Address Information | ||
Address | 2565 Columbia Street, San Diego, CA 92103 | |
Postal Code | 92103 | |
City | San Diego | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Top Gun CRE | |
Listing Agent | Max Delbecq | |
Listing Agent Phone | maxd@topguncre.com | |
Buyer Agency Compensation | 2.500 | |
Attribution Contact | maxd@topguncre.com | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/crmls/PTP2401263 | |
School Information | ||
District | San Diego Unified | |
MLS Information | ||
Days on market | 51 | |
MLS Status | Pending | |
Listing Date | Mar 6, 2024 | |
Listing Last Modified | Apr 29, 2024 | |
Tax ID | 5330550100 | |
MLS Area | 92103 - Mission Hills | |
MLS # | PTP2401263 |
This information is believed to be accurate, but without any warranty.