Rare dual-unit income property in the heart of City Heights priced to move in a market with virtually no two-unit inventory. Two detached units currently generating $3,850 per month and that's the opportunity. At $1,925 per unit, both units are running significantly below of $2,695, leaving nearly $1,700… Read More per month in unrealized income sitting on the table. For the right investor, that gap is the deal. Or Live in one and rent out the Other Unit! On 2 separate SDGE gas and electric meters and 1 water meter. Features a large backyard with 2 sheds. With two long-term tenants in place, the cash flow is stable from day one. The path to market rents runs through lease turnover, strategic renovation, or both and the property supports it. A detached oversized one-car garage offers genuine ADU conversion potential, adding a possible third income stream on top of the upside already built into the existing units. City Heights puts your tenants at the center of everything just minutes from SDSU, downtown San Diego, City College, and some of the county's largest healthcare and government employers. Easy access to the 8, 15, and 805 makes the entire county commutable from a surprisingly quiet, residential pocket of the city. Two-unit properties in this submarket rarely surface. When they do at this price point and with this much room to run serious investors move fast. Read Less
Courtesy of AK Real Estate 858-663-1372
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
5
Square Ft.
1,514
Lot Size
0.14 Acres
Year Built
2013
MLS Number
PTP2604921MR
Additional Details
Appliances & Equipment
"Gas", "Gas Dryer Hookup", "Refrigerator"
Building
1,514 sq ft, Built in 2013, "Detached/No Common Walls"
Community
"Street Lights", "Suburban"
Cooling
"None"
Fence
"Chain Link"
Garage
1 total garage spaces, "Driveway", "Garage", "Garage - 1 Car"
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
