6831 33 Amherst St, San Diego, CA 92115
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Listed Price :
$2,295,000
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Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
2000
Property Description
Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with 1 unit already rented out and the others soon to follow as the development is under professional management. Additional Opportunity exists with recent law changes allowing for an increased FAR with the ability to add 4 additional ADUs at 500 sq. ft. each. Assuming construction cost of $720K and each new unit renting at $1900/month, this property would perform over 5% cap rate, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
6831 33 Amherst St |
| City |
San Diego |
| State |
CA |
| Zip |
92115 |
| County |
San Diego |
| Listing Agent |
Seth OByrne DRE #01463479 |
| Co-Listing Agent |
Alexander Gould DRE #02229169 |
| Courtesy Of |
Compass |
| List Price |
$2,295,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
6,981 |
| Year Built |
2000 |
Listing information courtesy of: Seth OByrne, Alexander Gould, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 17th, 2024 at 5:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
