$1,620,000
$1,650,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
3584 Villa Terrace San Diego, CA 92104
0.52 Acres Lot
Key Details
Sold Price $1,620,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 200046909
Sold Date 12/29/20
HOA Y/N No
Year Built 1928
Lot Size 0.520 Acres
Property Description
Pleased to present the rare opportunity to acquire a well maintained 3-unit property in the highly desirable North Park neighborhood, just two blocks North of Balboa Park / Morley Field. This property rests on a 6,072 SF lot with 3,179 of rentable SF. Comprised of (2) two-bedroom/one-bathroom units and (1) two-bedroom/two-bathroom unit, there are 2 stacked units in the front building and 1 unit above the garages in the back building. Attractive option to live in one unit and rent the others. This asset has been upgraded with major exterior and interior renovations to every unit. Tenants enjoy private garages and access to a communal coin-operated laundry room with a work sink and a half bathroom. This secure complex has ADT security throughout and is landscaped with low maintenance xeriscape complete with energy efficient timed pathway lights. This property offers investors the rare opportunity to be the proprietor of a stabilized asset in one of San Diego's most profitable rental markets. With some of the best retailers in town establishing their roots here, North Park continues to draw in the highest quality and most desirable tenants in San Diego. Increasing market demand throughout the city will continue to keep vacancy low at this property with a steady increase in rents. Being within walking distance to North Park's main attractions, this property is centrally located with the investor's longevity in mind. Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3584-A Unit # for Unit 2: 3584 Unit # for Unit 3: 3586 Number of Furnished Units: 0
Location
State CA
County San Diego
Area 92104 - North Park
Zoning R-2
Interior
Heating Forced Air, Natural Gas
Cooling See Remarks
Fireplace No
Exterior
Fence Partial
Building
Lot Description Drip Irrigation/Bubblers
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4533312600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Kelly Madruga • Choice Properties