San Diego, CA 92113,1742-48 Kearney Ave
$875,000
Est. payment /mo
$925,000
5.4%
Est.Price: ?

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7 Beds
3 Baths
7,080 Sqft Lot
SOLD DATE : 08/08/2023

Key Details

Sold Price $875,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 230008538

Sold Date 08/08/23

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 2006

Lot Size 7,080 Sqft

Property Description

Fantastic investment opportunity located in Logan Heights. This property consists of (3) units, including a 3-bedroom, 1-bathroom detached home, and (2) 2-bedroom, 1-bathroom units in the back along the alleyway ( 1 bedrooms with a den converted to 2 bedrooms ). The property sits on a 7080 square foot lot and 2124 square feet of livable space. The property also features a detached single car garage with potential to be turned into an ADU. Currently, the property is grossing $6000 per month with an average rent of $1500 for the 2 bedrooms and (4) tenants paying 750 each for the front house ( call for details), making it a 5%+ CAP rate at current rents. The property's close proximity to downtown and the 5 freeway makes it an ideal location for tenants who work in the city or want easy access to the freeway. ( property was not built in 2006 as indicated on tax records, buyer to do their own research on year built and bedroom/bathroom count )

Location

State CA

County San Diego

Community Logan Heights

Area Logan Heights (92113)

Building/Complex Name 1742 Kearney

Zoning RM 1-1

Exterior

Exterior Feature Wood

Fence Partial

Roof Type Composition

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, FHA, VA

Space Rent $3,000

Listing Terms Cash, Conventional, FHA, VA

Financing Conventional

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Colin C Darville • South Coast Commercial, Inc.
Bought with Colin C Darville • South Coast Commercial, Inc.
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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