2401-2407 Island Avenue new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92102
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 735 sqft
Price per Sqft $1,489
Subdivision San Diego
MLS Listing ID 240024400
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1908
Lot Size 3,591 Sqft
Lot Dimensions 45 x 90
Property Description
• Presenting one of the BEST Located 4 Unit Complexes in Sherman Heights • Potential of a 2 Bedroom, 2 Bath ADU on vacant portion of the lot • Great Value Add Potential • 2nd Floor Units have Views of Coronado Bridge and Downtown San Diego • Directly across the Street from Sherman Heights Elementary School • Unit Mix Two – 2 Bedroom, 1 Bath Units & Two – 1 Bedroom, 1 Bath Units • Located in Sherman Heights and Grant Hill Historic District • One of the Lowest Priced 4Plexes in Sherman Heights / Grant Hill • Projected GRM of 10 and Projected CAP rate of 6.8
Sherman Heights is a Great Place to live. Sherman Heights has easy access to downtown San Diego, and access to major highways and public transportation. Yet the lifestyle is low key. It is easy to imagine coming home to this charming neighborhood with Victorian and Craftsman-style homes and Walkable tree-lined streets. This 1908 Sherman Heights two-story apartment 4-Plex is located at the corner of 24th Street and Island Avenue. The building has a hipped roof, overhanging eaves and a boxed cornice. Each unit has a Decorative (but inoperable) Fireplace Surround. There are 2 interior staircases as well as a shared exterior staircase. The historic architecture of 2401-07 Island and its “good bones” make this fixer-upper ready to be restored to its former glory. A vacant portion of the lot allows potential adding ADUs. This is a unique investment opportunity.
Location
State CA
County San Diego
Community San Diego
Area San Diego (92102)
Building/Complex Name Sherman Heights 4Plex
Exterior
Exterior Feature Other/Remarks,Wood
Fence Partial
View City
Roof Type Other/Remarks
Building
Story 2
Lot Size Range 1-3999 SF
Sewer Sewer Connected
Level or Stories 2 Story
Schools
Elementary Schools San Diego Unified School District
Others
Acceptable Financing Other/Remarks
Space Rent $880
Listing Terms Other/Remarks