Here's an incredible investment opportunity that combines immediate cash flow with substantial future potential. This fully remodeled property is already a strong performer, featuring two distinct units, each with its own parking and access, ensuring privacy and convenience for tenants. Along with this well-maintained property, you’ll receive an additional 8,811 sqft vacant lot with its own APN right next door, offering enormous upside. The current setup provides an excellent foundation for further development. With the right permits, you can add up to 6 more units: start by securing an "as built" permit for the existing structure, then consider adding 2 ADUs to the first parcel. The bonus lot opens up even more possibilities, including building a duplex with 2 ADUs. Situated in a secluded location off a private cul-de-sac, this property is conveniently close to Navy bases, Downtown and Bayfront development, providing both tranquility and accessibility. Enjoy usable land and stunning views of Coronado and downtown. This property is a rare find, ready for its next owner to unlock its full potential.
Data was last updated October 16, 2024 at 01:10 AM (UTC)
Area Statistics
Listings on market:
466
Avg list price:
$889,999
Min list price:
$80,000
Max list price:
$14,500,000
Avg days on market:
46
Min days on market:
1
Max days on market:
945
Avg price per sq.ft.:
$541.8
These statistics are generated based on the current listing's property type
and located in
South Bay. Average values are
derived using median calculations.