$1,999,000

2735 Hornblend St

San Diego CA, 92109

Description

Property has recorded Parcel Map...so a Great opportunity for units to be condomiumized/sold individually! 4 Remodeled Townhome each w/private patio & plenty of parking(8 SPACES!) to meet current parking requirements= ripe for sale of 4 separate townhomes. Owner has over 162K of renovations into units &building to prep for future indiv. sales.BONUS=if buyer wants, Unique opportunity for above market rents as Property Mangr/Owner works w/International Language school students .Great 4 Vacation Rentals Too! 3 of 4 units are rented to International Students via Owner's Property Mangers Company that houses international students. After 12 years of being property manager for International Students at the top local language schools, the owner is transitioning out of this unique niche and investing in a similar business out of area...so the current owner is willing to introduce & assign all international student leases(or he can deliver the 3 units vacant as the International students can leave with 30 day notice) One unit is rented long term to non international students/just a traditional rental until May(unit 4). Separate Laundry Room and Storage unit.Projected rents were actual rents with 100% occupancy of international students, current rents are at 75%, occupied by International Students via contract with local International Language Schools who owner has worked with to provide their students housing for over 12 years. Owner can deliver property to buyer with International Students as Renters or with long term tenants at at least $2800 per month rent or vacant. 5 parking spaces in back of unit off alley next to laundry room and storage shed Plus 3 spaces up front = plenty of parking! Units are really well done, nice light and bright interiors, each unit has a private patio, building is in great condition...a truly great opportunity! Other Fees: 80 Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Unit # for Unit 4: 4 Unit 1 Parking Spaces: 2 ...

Details

MLS#200039030
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1977
Days On Site155

Features

Units4
Building(s)1

Market Activity 92109

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92109
Area92109 - Pacific Beach92109 - Pacific Beach
Listing VS Median (in 92109)
Price:
$1,999,000
low | high
Med:
$1,250,000
87.468734367184% of Average
On Site:
155
low | high
Med:
53
100% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Brad Brinkman LogoMLS Number: 200039030
Listing Provided By:
Brad Brinkman  of  eXp Realty of California Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.