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2848-52 Morningside St
South Bay San Diego 92139

$1,395,000
2-4 Units built: 1975

Main Photo: PARADISE HILLS Property for sale: 2848-52 Morningside St in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
240028708
Year Built:
1975
Variance granted 2-4 Units. MONEY MAKER! Unicorn Alert! 3 units in one building. RARE and valuable investment opportunity! Updated main home is 1,104 sft 3/2 single level with gorgeous canyon views and panoramic sunsets over the Pacific & downtown from your large covered deck that runs the length of the house. 2023 newly built and legally permitted ADUs feature a 2BR ADU 758 sft & 1BR JADU 499 sft. Soundproofed and built for comfort, these two ADUs were taken down to the studs and well built. The west facing JADU also offers beautiful canyon views and gorgeous sunsets. The location is quiet and convenient. Hidden in a serene corner high on a mesa just north of Bonita, it’s only a 4 minute drive to Westfield Plaza Bonita, faster to I-805 and 54, and a quick drive to downtown. Significant rental income can help pay your mortgage! Move into a unit to qualify for a low-down payment mortgage OR approx. $7840/month renting all 3 units. This amazing investment opportunity offers 3 easily rented, units with separate: addresses, front doors, outdoor space, washers/dryers and electrical meters. Main home & JADU have terrific tenants until June at $3,070 and $2,125. 2BR ADU last rented for $2,645. Must see to appreciate the view and neighborhood.
Lot Size:
F).5+TO1AC
Number of Buildings:
2
Number of Units:
3
Year Built:
1975
Stories:
2 Story
Total Stories:
2
Market Area:
South Bay
Community:
PARADISE HILLS
County:
San Diego
Neighborhood Code:
South Paradise Hills
Name of Complex/Subdivision:
none
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Water, Cable TV, Electricity
Other income:
0
Annual expense actual:
0
Cap Rate.:
0.0
Gross Rent Multiplier:
0.0
Gross scheduled income:
0
Unit Number for Unit 1:
2852
Finished Area for Unit 1:
1,104 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
3070.0
Total Rent for Unit 1:
3070.0
Projected Rent for Unit 1:
3300.0
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
2848
Finished Area for Unit 2:
758 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
2645.0
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
2850
Finished Area for Unit 3:
499 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2125.0
Total Rent for Unit 3:
2125.0
Projected Rent for Unit 3:
2125.0
Unit 3 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 3:
Yes
Number of bathrooms for Unit 4:
0
Rolling Hills Dr
Exterior Features:
Stucco
Cooling:
Other
Number of Units with Cooling:
1
Number of Units with Dishwashers:
0
Number of Units with Dryers:
3
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
3
Number of Units with Range/Oven:
3
Number of Units with Refrigerators:
3
Number of Units with Washers:
3
Roof:
Composition
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, FHA, VA
Pets:
Yes
Parcel Number:
587-310-14-00
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Listed by Real Broker
Data was last updated December 29, 2024 at 07:10 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$1,395,000
Min list price:
$629,999
Max list price:
$4,495,000
Avg days on market:
83
Min days on market:
12
Max days on market:
285
Avg price per sq.ft.:
$198.88
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
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 Multiple Listing Service, Inc. 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 © 2024 San Diego Multiple Listing Service, Inc.