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3217-19 Island Ave

San Diego, CA 92102
  • $799,000
  • STATUS: ACTIVE
  • ON SITE: 46 Days
  • ID#: 230002090
$799,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Attention Investors! Great 2-on-1 with Potential to add Additional Units! Fully Rented for Immediate Return on Investment. Front House~3 Bed/1.5 Bath, Remodeled Kitchen & Bath, Laundry Hookups, Full Basement & Wrap Around Yard! Back House~ Spacious Studio Cottage with Full Bath & Private Fenced Yard! Both Homes share Gated Parking with Alley Access! This is a fantastic property located within an Opportunity Zone for significant potential tax benefits for the savvy buyer! Fully Rented, with Great Upside Potential by adding ADU's! Both units have been upgraded with dual pane windows newer roofs, remodeled kitchens & baths, hard surface flooring & individual laundry. Low-maintenance, spacious outdoor areas for each home, giving each property plenty of privacy. There is an electronic rolling gate for driveway access off the alley. It would be easy to add a second bath to the front house & there is a full basement, allowing easy access to plumbing!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/136611324
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3217-19 Island Ave San Diego, CA 92102

  • Price: $799,000
  • Status: ACTIVE
  • On Site: 46 Days
  • ID#: 230002090
3
Beds
2
Baths
0
½ Baths
0.11
Acres
1920
Built
Neighborhood:
San Diego
County:
San Diego
Area:
San Diego (92102)
Property Description
Attention Investors! Great 2-on-1 with Potential to add Additional Units! Fully Rented for Immediate Return on Investment. Front House~3 Bed/1.5 Bath, Remodeled Kitchen & Bath, Laundry Hookups, Full Basement & Wrap Around Yard! Back House~ Spacious Studio Cottage with Full Bath & Private Fenced Yard! Both Homes share Gated Parking with Alley Access! This is a fantastic property located within an Opportunity Zone for significant potential tax benefits for the savvy buyer! Fully Rented, with Great Upside Potential by adding ADU's! Both units have been upgraded with dual pane windows newer roofs, remodeled kitchens & baths, hard surface flooring & individual laundry. Low-maintenance, spacious outdoor areas for each home, giving each property plenty of privacy. There is an electronic rolling gate for driveway access off the alley. It would be easy to add a second bath to the front house & there is a full basement, allowing easy access to plumbing!
Exterior Features

Exterior Stucco Fencing Full Parking Non Garage Desc Unit1 AssignedGated Parking Non Garage Desc Unit2 AssignedGated Roof Composition Site Alley Access Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 6.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community San Diego Complex Park N/K Cross Streets 32nd St Gross Rent Multiplier Actual 14.8 Gross Rent Multiplier Project 14.8 Gross Scheduled Income Actual 53940 Gross Scheduled Income Project 53940 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Projected Cap Rate 6.0 Sales Restrictions N/K Security Automatic Gate Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 3217 Unit Number For Unit2 3219 Unit1 Deposit 2600 Unit1 Occupied Tenant Unit1 Projected Rent 2600.0 Unit1 Rent Actual 2600.0 Unit2 Deposit 1895 Unit2 Occupied Tenant Unit2 Projected Rent 1895.0 Unit2 Rent Actual 1895.0 Zoning R-2:Minor

San Diego MLS logo Listing provided courtesy of Grand Pacific Properties Group: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128