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SAN DIEGO Property for sale: 320-24 S 49th Street

320-24 S 49th Street San Diego

Main Photo: SAN DIEGO Property for sale: 320-24 S 49th Street
$1,299,000
Prop. Type:
2-4 Units
MLS® Num:
240010682
Status:
Active
Year Built:
1948
320-24 S 49th Street stands out as an exceptional opportunity in an Opportunity Zone, in harmony with the Complete Communities Plan. This property encompasses three fully upgraded 2-bedroom, 1-bath houses on an expansive 8,856 square foot lot. Unlocking its potential, envision adding an extra floor to each house or constructing a 3 or 4-story structure within the spacious grounds in the open space in between houses. Notably, all units have undergone significant renovations within the last 4 years, showcasing modern amenities such as tiled kitchens and baths, new cabinets, vanities, and appliances. Currently generating robust rental income averaging $2,700 to $2,800 per unit monthly, this property offers versatility. It suits multi-generational living, income generation through rentals, or serves as an enticing investment opportunity. Moreover, the flexibility extends to delivery options: it can be presented vacant, an attractive prospect for investors, or with tenants, with the added convenience of one year of included property management. This versatility makes it an appealing choice for various investment strategies.
Total Floor Area:
Switch units of measure8,856 sq. ft.
Lot Size:
7,500-10,889 SF
Number of Buildings:
3
Number of Units:
3
Year Built:
1948
Stories:
1 Story
Total Stories:
1
Market Area:
Metro Central
Community:
SAN DIEGO
County:
San Diego
Neighborhood Code:
Lincoln park
Name of Complex/Subdivision:
N/A
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Sewer, Water, Cable TV, Electricity, Gardener
Projected net operating income:
73600
Other income:
0
Projected other income:
0.0
Annual expense actual:
9250
Projected annual expense:
23000
Cap Rate.:
5.7
Projected Cap Rate.:
5.7
Gross Rent Multiplier:
15.59
Projected Gross Rent Multiplier:
13.46
Gross scheduled income:
83400
Projected gross scheduled income:
96600
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2750.0
Total Rent for Unit 1:
2750.0
Projected Rent for Unit 1:
2750.0
Total Parking Spaces for Unit 1:
0
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1375.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
2750.0
Total Parking Spaces for Unit 2:
0
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2700.0
Total Rent for Unit 3:
0.0
Projected Rent for Unit 3:
2700.0
Total Parking Spaces for Unit 3:
0
Unit 3 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 3:
Yes
Number of bathrooms for Unit 4:
0
Total Parking Spaces for Unit 4:
0
Franklin Ave
Exterior Features:
Stucco
Cooling:
Swamp Cooler(s)
Number of Units with Cooling:
1
Number of Units with Dishwashers:
3
Number of Units with Dryers:
3
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
3
Number of Units with Range/Oven:
3
Number of Units with Refrigerators:
3
Number of Units with Washers:
3
Roof:
Composition
Security:
N/K
Fencing:
Full, Partial
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K, Other/Remarks
Terms:
Conventional, Exchange
Parcel Number:
547-512-22-00
Listed by eXp Realty of California, Inc.
Data was last updated June 16, 2024 at 01:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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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 Multiple Listing Service, Inc. 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 © 2024 San Diego Multiple Listing Service, Inc.

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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 Multiple Listing Service, Inc. 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 © 2024 San Diego Multiple Listing Service, Inc.