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$1,100,000
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Property Description
3560-62 Island Ave is a turnkey 2-unit property in San Diego, situated on an over 7,000 square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.
Full Property Details
Full Property Details for 3560-62 Island Ave
General
- Sold For: $1,100,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 240013035
- Added to Site: 243 day(s) ago
Additional Information
- Security/Safety: Automatic Gate
Location
- Area: SAN DIEGO (92102)
- County: San Diego
- Subdivision: Mt Hope
- Complex: Mt Hope
Heating & Cooling
- Cooling Type: Central Forced Air
- Heating Type: Forced Air Unit
- Heating Fuel: Electric
Structural Information
- Roof: Composition
- Stories/Levels: 1
- Year Built: 1980
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- Units w/Dishwashers: 2
- Units w/Patios: 2
- Units w/Cooling: 2
- Units w/Washers: 2
- Units w/Dryers: 2
Unit 1
- Square Feet: 950
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: City
- Lot Size (Sq. Ft.): 7,200
- Topography: Level
- Fencing (Description): Gate
Financial Considerations
- Terms: Conventional
- Tenant Expense: Cable TV, Electricity
Listed and Sold by JLM Real Estate Inc.
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Schools
Schools serving 3560-62 Island Ave
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
401 45th St, San Diego, CA 92102 | K-5 | 1.2 mi | |
1110 Carolina Ln, San Diego, CA 92102 | 6-8 | 1.7 mi | |
4777 Imperial Ave, San Diego, CA 92113 | 9-12 | 1.6 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 3560-62 Island Ave
Date
Details
Price
Change
Source
8/09/2024
Sold
$1,100,000
-8.26%
MLS
6/07/2024
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3560-62 Island Ave, San Diego, CA 92102 (MLS# 240013035) is a Multi-Family property that was sold at $1,100,000 on August 09, 2024. Want to learn more about 3560-62 Island Ave? 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.