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Key Details
Sold Price $610,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 230013407
Sold Date 09/26/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1940
Property Description
Well maintained duplex with a 3 bed 1 bath house + 1 bed 1 bath unit on a 5,115 sq ft lot. The real value in this property is it's location with the San Diego Complete Communities plan, which allows for the construction of up to 22 units. With a coveted Tier 3 designation, the property boasts a remarkable FAR (Floor Area Ratio) ratio of 6.5. This exceptional FAR allows for a significant increase in density and building size, ensuring a higher return on investment. The property also lies within the Opportunity Zone which comes with additional tax benefits.
Location
State CA
County San Diego
Community Logan Heights
Area San Diego (92102)
Zoning CN-1-3
Exterior
Exterior Feature Stucco
Roof Type Other/Remarks
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Other/Remarks
Space Rent $1,617
Listing Terms Cash, Conventional, Other/Remarks
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ryan Balcerzak • Fair Trade Real Estate