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$1,398,000
Est. payment /mo
4,286 Sqft Lot
UPDATED:
11/19/2024 10:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 240021301SD
HOA Y/N No
Year Built 1963
Lot Size 4,286 Sqft
Property Description
Charming Dual-Unit Income Property in Sought-After North Park Step into a fantastic investment opportunity in the heart of North Park with this versatile, dual-unit property, offering strong rental income potential in one of San Diego’s most desirable neighborhoods. The front unit, a stylish 2-bedroom, 1-bath retreat, has been a hit on Airbnb and VRBO, with glowing 5-star reviews and generating around $7,000 per month at 70% occupancy. Guests love the fresh flooring, sleek new kitchen cabinets, updated bathroom, and modern doors. Complete with its own washer/dryer and a cozy front yard, this unit provides a welcoming space that attracts steady short-term rental demand. The rear unit, also a 2-bedroom, 1-bath, is currently leased at $2,900 per month on a flexible month-to-month basis. It features tasteful updates, including refreshed flooring, a renovated kitchen, and an in-unit washer/dryer. A private backyard adds a touch of serenity, making it an attractive rental option. Both units are separately metered for gas and electricity, with a shared water meter for efficiency. This North Park property offers excellent income potential with flexible leasing options, making it a smart choice for investors looking to secure a profitable piece of this vibrant neighborhood.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name None
Zoning R-2:MINOR
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
View Y/N No
Roof Type Composition
Building
Lot Description Sprinklers Manual
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4465122200
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
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Listed by Vince Cavataio • Berkshire Hathaway HomeServices California Properties