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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,190,000

Est. payment - /mo

9,583 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2607928

HOA Y/N No

Year Built 1942

Lot Size 9,583 Sqft

Property Sub-Type Duplex

Property Description

Rare Linda Vista duplex in a highly convenient location, offering remodeled, income-producing units today and exceptional development potential tomorrow. 2022: both 2BR/1BA units fully remodeled with updated kitchens and baths, new flooring, dual-pane windows, mini-split heating/AC (six heads total), instant electric water heaters and updated electrical. 2024: all plumbing retrofitted, including 4" ABS sewer lateral to the main. Paid-off solar grandfathered on SDG&E Net Energy Metering 2 with approx. 15+ years remaining, a valuable rate structure new solar no longer qualifies for, helping keep utility costs low. Sizable driveway for off-street parking, shared washer/dryer on site, and notable ocean views. Development upside: the approx. 9,514 sf lot is zoned RM-3-7 (base density approx. 9 units) and sits within the City's Sustainable Development Area, Transit Priority Area and Complete Communities Housing Solutions FAR Tier 4. Under the Housing Solutions program, qualifying projects that deed-restrict 40% of base units as affordable may build up to 4.0 FAR (roughly 38,000 sf of floor area), with height governed by FAR, no required parking near transit, and potential for 25+ units. Collect rent now, build later. All this, just a short stroll to the Linda Vista Plaza Shopping Center, nearly a mile to USD, minutes to Fashion Valley, Mission Valley and the I-8/163 corridors, and steps to the bus line. Buyer to verify zoning, density and development potential with the City of San Diego. Renderings are conceptual and not approved plans.

Location

State CA

County San Diego

Area 92111 - Linda Vista

Zoning R-2:MINOR MULTIPLE

Interior

Cooling Ductless

Fireplace No

Laundry Outside

Exterior

Pool None

Community Features Curbs, Street Lights

View Y/N No

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Near Public Transit, Value In Land, Walkstreet

Story 1

Others

Senior Community No

Tax ID 4314102400

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2607928

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Listed by Ryan Schuder United Real Estate San Diego 858-361-6095, DRE #01900202

NEARBY SCHOOL & BUSINESS

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2101 3 Drescher ST San Diego, CA 92111