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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 300 sqft
Price per Sqft $4,000
Subdivision City Heights
MLS Listing ID 240020482
Sold Date 09/30/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1925
Property Description
Just renovated 3 unit complex is situated in the southern part of Kensington, just below 92116. This area is known for its desirable residential neighborhood and convenient access to nearby amenities. Units just a half a block north selling at a much higher price due to the zip code. This property presents a great opportunity for both rental income and potential for future appreciation. It is attractive option for investors looking to generate rental income or for owner-occupiers interested in offsetting their expenses through rental units. All units look good as we just finished renovations and upgrades. These units offer off street parking with a large carport and three storage units that we rent out at $100 each to tenants. See supplement for more info.
Year built is estimated at 1925- no info on tax roll. Seller will not provide termite report/clearance. Buyer to accept with existing tenants but seller will serve notice to vacate if requested by buyer after contingencies are removed if their leases have expired.
Location
State CA
County San Diego
Community City Heights
Area East San Diego (92105)
Building/Complex Name na
Interior
Heating Natural Gas
Appliance Wall/Gravity
Exterior
Exterior Feature Wood/Stucco
Fence Full
Roof Type Composition
Building
Lot Description Alley Access, Reservation Land
Story 1
Lot Size Range 4000-7499 SF
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $1,600
Listing Terms Cash, Conventional, Exchange, FHA
Financing Exchange
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Bought with Dan Cassidy • Principle Real Estate Group