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3501 Front St

San Diego, CA 92103
  • $2,400,000
  • STATUS: PENDING
  • ON SITE: 17 Days
  • ID#: 210031871
Pending
$2,400,000
  • 4
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,751
    SQFT
  • $640
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

First time on the market in a generation, possibly THE most unique investment property you'll see this year. Four units with a non-conforming studio. Units either vacant or grossly under market with long term tenants. Opportunity is endless to capture premium rents in the current configuration, re-configure to add more units, or return the home to it's original 1800's single-family magnificence. Property is perfect for an owner occupant, with a spectacular 1400sf+ owners apartment. This is not a drive-by, and the photos do not do this graceful grand dame justice. You MUST see this in person to truly appreciate the potential in this property.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123462142
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3501 Front St San Diego, CA 92103

  • Price: $2,400,000
  • Status: PENDING
  • On Site: 17 Days
  • ID#: 210031871
4
Beds
4
Baths
0
½ Baths
0.18
Acres
3,751
SQFT
$640
$/SQFT
1900
Built
Neighborhood:
Hillcrest/Bankers Hill
County:
San Diego
Area:
Mission Hills (92103)
Property Description
First time on the market in a generation, possibly THE most unique investment property you'll see this year. Four units with a non-conforming studio. Units either vacant or grossly under market with long term tenants. Opportunity is endless to capture premium rents in the current configuration, re-configure to add more units, or return the home to it's original 1800's single-family magnificence. Property is perfect for an owner occupant, with a spectacular 1400sf+ owners apartment. This is not a drive-by, and the photos do not do this graceful grand dame justice. You MUST see this in person to truly appreciate the potential in this property.
Exterior Features

Exterior Stucco Fencing FullGate Parking For RV None Known Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Gated Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Roof Composition Site Corner Lot Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 1 Units With Patios 2 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 1 Units With Dryers 0 Units With Fireplaces 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 0.0 Additional Property Use Ormks Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Hillcrest Complex Park N/A Cross Streets Walnut St Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 17.0 Gross Scheduled Income Actual 3200 Gross Scheduled Income Project 12900 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 154800 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Other/Remarks Projected Cap Rate 3.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays N/K Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 3 Unit Number For Unit3 4 Unit Number4 5 Unit1 Deposit 0 Unit1 Occupied Owner Unit1 Projected Rent 3000.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 2800 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 2500 Unit4 Rent Actual 1450.0 Water Meter On Property Water District City Of San Diego Zoning R-3:Restri

Listing provided courtesy of Compass. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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