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3780-3782 Arizona Street

San Diego, CA 92104
  • $1,599,000
  • STATUS: ACTIVE
  • ON SITE: 143 Days
  • ID#: 220027221
UPDATED: 43 min ago
$1,599,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,498
    SQFT
  • $1,067
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Description

ABSOLUTE CASH COW POTENTIAL!! RM 1-1 Zoning Permitting for up to 30ft Max Structure Height with Unlimited Unit Potential! Your Beautiful Modern Craftsman Home offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Newly Renovated Front Home Has Tenants In Process of Acceptance and Back Unit Tenant Occupied and Already Has Been Notified, and Detached Garage Serves As An Easy Conversion to a 1-Bedroom!! Front Home Spares No Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 10 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Can-less Lights Throughout, and HUGE Front & Back Yards! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 5min Walk to Balboa Park, and 5 min Drive to Downtown! AirDNA Analysis Shows $84k Gross Rental Income Through AirBnB (JUST FOR THE FRONT HOUSE) $78k Gross Rental Income for Back Home = $162,000 Gross Rental Income Right off the Bat!! Hard to Ask for a Better Opportunity! NO BUILDING RESTRICTIONS, PERMITS IN PROCESS FOR ADDITIONS, and Only 10% of the Project Left for Completion!! Come Make This Incredible Opportunity Yours!

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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/134433837
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3780-3782 Arizona Street San Diego, CA 92104

  • Price: $1,599,000
  • Status: ACTIVE
  • On Site: 143 Days
  • Updated: 43 min ago
  • ID#: 220027221
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,498
SQFT
$1,067
$/SQFT
1939
Built
Neighborhood:
North Park
County:
San Diego
Area:
North Park (92104)
Property Description
ABSOLUTE CASH COW POTENTIAL!! RM 1-1 Zoning Permitting for up to 30ft Max Structure Height with Unlimited Unit Potential! Your Beautiful Modern Craftsman Home offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Newly Renovated Front Home Has Tenants In Process of Acceptance and Back Unit Tenant Occupied and Already Has Been Notified, and Detached Garage Serves As An Easy Conversion to a 1-Bedroom!! Front Home Spares No Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 10 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Can-less Lights Throughout, and HUGE Front & Back Yards! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 5min Walk to Balboa Park, and 5 min Drive to Downtown! AirDNA Analysis Shows $84k Gross Rental Income Through AirBnB (JUST FOR THE FRONT HOUSE) $78k Gross Rental Income for Back Home = $162,000 Gross Rental Income Right off the Bat!! Hard to Ask for a Better Opportunity! NO BUILDING RESTRICTIONS, PERMITS IN PROCESS FOR ADDITIONS, and Only 10% of the Project Left for Completion!! Come Make This Incredible Opportunity Yours!
Exterior Features

Exterior Wood Fencing Gate Frontage N/K Irrigation Sprinklers Parking For RV On-Site Parking Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 Detached Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Roof CompositionWood Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2 View CityEvening LightsMountains/Hills

Interior Features

Cooling Wall/Window Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Forced Air Unit 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 1 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1 Water Heater Type GasTankless

Property Features

Actual Cap Rate 2.1 Additional Property Use With Structures Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community North Park Complex Features N/K Complex Park Na Cross Streets University St Gross Rent Multiplier Actual 4.2 Gross Scheduled Income Actual 95400 Gross Scheduled Income Project 129000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 4.2 Sales Restrictions N/K Security Closed Circuit TvOther/Remarks Sewer Septic Sewer Connected Short Sale No Telecommunications AntennaCable (Coaxial)Satellite DishWired High Speed Internet Tenant Pays WaterElectricityGas/PropaneHot Water Terms AssumableCal VetCashConventionalExchangeFhaSeller May CarryVa Unit Number For Unit1 3780 Unit Number For Unit2 3782 Unit Number For Unit3 3780 1/2 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 5500.0 Unit1 Rent Actual 4950.0 Unit2 Deposit 3000 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 3000.0 Water Meter On Property Zoning Rm1-1

San Diego MLS logo Listing provided courtesy of Real Broker: [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