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$1,299,500
Est. payment /mo
2 Beds
6,719 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2508010
Bedrooms 2
Lot Size 6,719 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Do not disturb tenants or enter property without approval. 332628 & 333032 40th Street present a unique opportunity for an owner-user, investor, or flipper to acquire two contiguous duplexes on separate APNs in a centrally located San Diego neighborhood. Each duplex features a 1,216 sq. ft. single-story structure comprised of two 2-bedroom / 1-bath units (approx. 608 sq. ft. each) with vaulted ceilings and private mid-size yards. There is a total unit count of Four with a total square footage of 2,432. One unit has been fully renovated and is move-in ready, offering immediate occupancy for an owner or solid rent potential for an investor. The properties feature lightly pitched roofs and raised foundations for easy maintenance, along with a total of 5 gas meters, 5 electric meters, and 1 water meterwith the additional gas and electric meters servicing the shared laundry room. There are 5 off-street parking spaces on site. For investors or renovators, theres clear upside potential. A savvy buyer could modernize the remaining three units and sell each duplex individually at an estimated ARV of $1,700,000$1,750,000. To facilitate separate sales, a second water meter would need to be established. Nestled in a quiet southwestern pocket of central San Diego known as Castle Park, the area is characterized by wide streets, single-family homes, and duplexes within the RS-1-7 zoning district. The location offers excellent accessibility to nearby retail, employment, and major freeways (I-15, I-805, I-8, and SR-94). Residents enjoy proximity to many of San Diegos key employment and life
Location
State CA
County San Diego
Direction GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 4543111500
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Maxwell Brown Commercial Asset Advisors
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