Prime North Park Value-Add Duplex! This is an income property features two units on a 3,126 sq ft lot in one of San Diego’s most sought-after rental markets. Unit mix consists of a 2BD/1BA and a 1BD/1BA, currently generating approximately $5,000/month in combined rental income. Both tenants are on month-to-month… Read More agreements, providing flexibility for an investor seeking repositioning, rental increases, renovation upside, or potential redevelopment. Ideal opportunity for value-add investors, owner-occupants looking to offset their mortgage, or 1031 exchange buyers seeking strong rental demand in a prime urban location. The R-3 zoning offers long-term development potential while the existing structure provides immediate income. Centrally located near North Park’s vibrant restaurants, shops, parks, and major freeway access. High-demand rental corridor with long-term appreciation potential. Read Less
Property listed by Realty Executives Dillon, Rafi Gorges [email protected]
Listing Snapshot
Days Online
0
Last Updated
Property Type
Duplex
Lot Size
0.07 Acres
Year Built
1940
MLS Number
PTP2601313
Additional Details
Building
Built in 1940, 2 buildings, 1 storey, Entry level: 1, Entry location: stairs at entrance
Community
Curbs, StreetLights, Suburban, Sidewalks
Expenses
Insurance: $200, Operating: $1,070, Trash: $60
Home Owner's Association
Association Fee: $0
Income
Gross Income: $5,000, Gross ScheduledIncome: $5,000, Net Operating Income: $3,930
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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