$1,334,741
$1,399,999
4.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/25/2024
Key Details
Sold Price $1,334,741
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 240002673SD
Sold Date 10/25/24
HOA Y/N No
Year Built 1939
Property Description
FHA ASSUMABLE LOAN AT 3.875% & CASH COW PROPERTY! Motivated Seller and Incredible Opportunity! Zoning Permits for up to 30ft Max Structure Height, thanks to Complete Communities, Unlimited Potential! Live In One and Rent Out the Other, Lay Back and Watch the Endless Cash-Flow, or Build the investment of your DREAMS, Thanks to TPA too! Your Beautiful Modern Craftsman Homes offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Both Units Have Been Renovated in 2022 and The Front Home Has Been a Successful AirBnB for a Year (Grossing Roughly $116,628, just the front home Maintaining an Occupancy Rate of 90%!) and Back Unit is Tenant Occupied and Has a Potential AirBnB Gross Profit of $54,120! Detached Garage Serves As An Easy Conversion to a 1-Bedroom Unit!! Neither Home Spares Any Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 12 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Dimmable Can-less Lights Throughout, and HUGE Front & Back Yards, Custom Painted North Park Mural! Back Home has Hard Oak Floors, Calcutta Unique Countertops, and a European Flow! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 3 min Walk to Balboa Park, and 5 min Drive to Downtown! Taking Over this Substantial Property Can Bring in a Profit of $170,748/$14,229 per Month!!! Hard to Ask for a Better Opportunity! Check out the Virtual Tour to see the Renovations of 3782 (Back House)
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name Pauly Addition
Zoning RM 1-1
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
Roof Type Composition
Private Pool No
Building
Lot Description Sprinklers Manual
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4530523000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing VA
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Bought with Keegan Wetzel • Real Broker
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Broker Associate | Lic# 01905244