Homes for sale - 6831-33 Amherst St, San Diego, CA 92115

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Valerie Upham

[email protected] +1(858) 761-7890

$ 2,295,000

Est. payment -/mo

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6831-33 Amherst St San Diego, CA 92115

9 Beds

7 Baths

1,250 SqFt

UPDATED:

10/17/2024 05:17 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $1,836

Subdivision San Diego

MLS Listing ID 240024215

Bedrooms 9

Full Baths 7

HOA Y/N No

Year Built 2000

Lot Size 6,981 Sqft

Property Description

Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with 1 unit already rented out and the others soon to follow as the development is under professional management. Additional Opportunity exists with recent law changes allowing for an increased FAR with the ability to add 4 additional ADUs at 500 sq. ft. each. Assuming construction cost of $720K and each new unit renting at $1900/month, this property would perform over 5% cap rate, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Location

State CA

County San Diego

Community San Diego

Area San Diego (92115)

Building/Complex Name La Mesa Colony

Interior

Heating Electric, Natural Gas

Cooling Other/Remarks

Exterior

Exterior Feature Stucco

Parking Features Unit1:Attached Unit2:N/K Unit3:N/K Unit4:N/K

Garage Spaces 1.0

Fence Partial

Roof Type Composition

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional

Space Rent $3,600

Listing Terms Cash, Conventional

Listed by Seth OByrne • Compass

Valerie Upham

+1(858) 761-7890

Valerie Upham

6831-33 Amherst St San Diego, CA 92115

Key Details

Location

Interior

Exterior

Building

Others

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6831-33 Amherst St