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2842 48 Fairmount Avenue, San Diego, CA 92105
$815,000
2842 48 Fairmount Avenue, San Diego, CA 92105View this property at 2842 48 Fairmount Avenue, San Diego, CA 92105
2842 48 Fairmount AvenueSan DiegoCA92105
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Property Description
Offered for sale: A value add four-unit residential income property at 2842-48 Fairmount Ave in the vibrant City Heights neighborhood, providing a desirable mix of units for investors. The property features a front building with three 1bed/1bath units, each approximately 756 sq ft, and a rear building that includes a spacious 2bed unit above three single-car garages. Additionally, there are three uncovered parking spaces accessible from the alley. Highlighting the investment appeal is the potential for ADU conversion of the garages, offering a path to increased revenue. Situated in City Heights, this property capitalizes on a high-demand rental market, making it an attractive opportunity for investors seeking to grow their portfolio in a dynamic San Diego neighborhood.
Full Property Details
Full Property Details for 2842 48 Fairmount Ave
General
- Sold For: $815,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PTP2401198
- Added to Site: 77 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
Location
- Area: 92105 - East San Diego
- County: San Diego
- Development Name: 92105 - East San Diego
- Driving Directions: GPS
Utilities
- Sewer: Public Sewer
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Square Feet: 3,000
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.1104
- Lot Size Source: Public Records
- Zoning: RS-1-7
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $271.67
- Price Per Unit: 366250
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Top Gun CRE, Nicolas Hernandez
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Schools
Schools serving 2842 48 Fairmount Ave
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4063 Polk Ave, San Diego, CA 92105 | K-5 | 0.4 mi | |
3838 Orange Ave, San Diego, CA 92105 | 6-8 | 0.6 mi | |
4474 El Cajon Blvd, San Diego, CA 92115 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2842 48 Fairmount Ave
Date
Details
Price
Change
Source
5/01/2024
Sold
$815,000
-44.37%
MLS
3/04/2024
Listed
$1,465,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2842 48 Fairmount Avenue, San Diego, CA 92105 (MLS# PTP2401198) is a Multi-Family property that was sold at $815,000 on May 01, 2024. Want to learn more about 2842 48 Fairmount Avenue? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.