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3706 08 Florence Street

San Diego, CA 92113
  • $1,590,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: NDP2306587
UPDATED: 18 min ago
$1,590,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Adam Stone of Tidal Realty (619-591-2900) and Sheri Jones of S.A.K.K. Realty(619-957-4818)


Description

MUST SEE! MOTIVATED SELLER and JOINT VENTURE POSSIBLE. This is an investor's dream for 10 total units! Second story units with ocean and downtown views! Property sold with a fully remodeled 3bd/2ba main house, an attached 2bd/1ba permitted ADU, and plans already in permitting review for (8) additional 2bd/1ba units. Amenities will include a gated setting with parking, on-site laundry and an outdoor social area. Property located within the opportunity zone San Diego Sustainable Development Area, San Diego Promise Zone, among other zoning benefits. Seller can stay in the project to build it out and will consider creative financing and joint ventures. Great fit for investor looking to reinvest capital gains. Call to get more info! Before the end of August. Seller expecting to receive confirmation from San Diego Housing Commission to confirm multiple bonus ADU layout before resubmitting permit plans for approval. Final permit approval expected in approximately 8 weeks. DO NOT DISTURB OCCUPANTS.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142733820
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3706 08 Florence Street San Diego, CA 92113

  • Price: $1,590,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 18 min ago
  • MLS #: NDP2306587
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1950
Built
Neighborhood:
92113 - Logan Heights
County:
San Diego
Area:
92113 - Logan Heights
Property Description
MUST SEE! MOTIVATED SELLER and JOINT VENTURE POSSIBLE. This is an investor's dream for 10 total units! Second story units with ocean and downtown views! Property sold with a fully remodeled 3bd/2ba main house, an attached 2bd/1ba permitted ADU, and plans already in permitting review for (8) additional 2bd/1ba units. Amenities will include a gated setting with parking, on-site laundry and an outdoor social area. Property located within the opportunity zone San Diego Sustainable Development Area, San Diego Promise Zone, among other zoning benefits. Seller can stay in the project to build it out and will consider creative financing and joint ventures. Great fit for investor looking to reinvest capital gains. Call to get more info! Before the end of August. Seller expecting to receive confirmation from San Diego Housing Commission to confirm multiple bonus ADU layout before resubmitting permit plans for approval. Final permit approval expected in approximately 8 weeks. DO NOT DISTURB OCCUPANTS.
Exterior Features

Carport Spaces 0 Construction Materials Stucco Entry Level 1 Entry Location Front Doors Facing South. Lot Features 0-1 Unit/AcreCorner LotLevelNear ParkNear Public TransitRectangular LotStreet LevelValue In Land Number Of Separate Electric Meters 2 Open Parking Spaces 3 Parking Features DrivewayOff Street Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Accessibility Features Safe Emergency Egress From Home Appliances Gas CookingGas OvenGas RangeRefrigeratorTankless Water HeaterVented Exhaust Fan Common Walls 1 Common WallNo One Above Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing ConventionalCal Vet LoanOtherPrivate Cap Rate 3 Community Features Street LightsSidewalksUrbanPark Contingency None Fuel Expense 0 Garage YN No Gross Income 78000 Gross Scheduled Income 289200 Insurance Expense 2000 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalContract1031 ExchangeOwner May Carry Net Operating Income 104000 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 185200 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 0 Trash Expense 0 Utilities Overhead Utilities Water Sewer Expense 0 Water Source Public Zoning Rm-1-1 Promise Zone And



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Adam Stone of Tidal Realty (619-591-2900) and Sheri Jones of S.A.K.K. Realty(619-957-4818)