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$1,498,800
Est. payment /mo
6,987 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2502316
HOA Y/N No
Year Built 1941
Lot Size 6,987 Sqft
Property Description
This property presents an excellent investment opportunity, with the current rental income across its three units and plus possibility to convert the existing garage into an additional 1-bedroom unit to increase the rental income. Each unit offers comfortable living spaces, ideal for tenants seeking the perfect blend of urban convenience and residential tranquility. Three-unit multi-family property nestled in the vibrant Cherokee Point neighborhood of San Diego. This 2,405-square-foot property, on a sprawling 6,988 square foot lot, comprises three distinct units: Unit 1: Three bedrooms and two and a half bathrooms. Unit 2: Two bedrooms and one bathroom. Unit 3: One bedroom, one bathroom and downstairs 2 car garage. Two units are in the front building, both recently upgraded and rented, they both have laundry in units. The third (one-bedroom) unit in the back building, situated above the garage, offers excellent potential for value-add improvements and higher rent. The opportunity to convert the existing garage into a 1-bedroom unit or expand the property further, increasing rental income potential and maximizing investment returns. Two garages plus four driveway parking spots provide ample space for residents and guests. Private gated yards offer a secure area for relaxation or recreation for two of the units. Generous 3 areas accommodate tenants' needs. Washer and dryer hookups are available, enhancing tenant convenience. The property's prime location also affords easy access to some of San Diego's most iconic destinations. Convenient access to Interstates 805 and 15 facilitates commuting throughout the area. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 5-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. Whether you're an investor looking to expand your portfolio or a homeowner interested in additional income streams, 3812-14 36th Street offers exceptional versatility and potential in a highly desirable San Diego neighborhood.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning R-3:RESTRICTED MULTIPLE
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4474621700
Acceptable Financing Cash, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
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Listed by Sez Sezer • Douglas Elliman of California
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