San Diego, CA 92111,2386 88 W JEWETT
San Diego, CA 92111,2386 88 W JEWETT
San Diego, CA 92111,2386 88 W JEWETT
$1,560,000
Est. payment /mo
Est.Price: ?

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SOLD DATE : 06/27/2023

Key Details

Sold Price $1,560,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Linda Vista

MLS Listing ID 230005808SD

Year Built 1942

Property Description

Turnkey Duplex with with Permitted Plans for 3 more units in rear of large lot. Plans approved after 2 YEARS & 50k of permitting fees. Save yourself $300k in holding costs and grab this chance to build a cash flowing property while you collect income from the current homes. This excellent 2 unit was renovated in 2019 and generates $5.9k/mo with low operating costs. The lot is 10k sq ft, RM-1-1+TPA+Alley Access and sits up on a hill so you can see the ocean from 2nd stories. Plans include 2 add. structures, 2 stories complete with 2 car garages and 3rd story rooftop decks for each unit. Option to convert to ADUs after to make 8 total units! Rental Projections of $20k-$25k per MONTH after build! With size and bath counts could easily be ran as a short/medium term rental to further increase cash flow. Pictures include renderings and existing improvements. See Docs for plans and projections. Property projected ARV of $3.9 million to $4.9 million after build. Current Duplex is a 6/4 1768 sq ft. Plans include 2 buildings, 3 Units (or 6). Building A is a 2 story 1537 sq ft, Single Family 4/3 featuring a 2 car garage and 3rd story rooftop deck. Building B is a Two story, 2 unit ADU. 3 beds and 3 baths these 1195 sq ft units will be gorgeous each with their own attached 2 car garages and 3rd story rooftop deck, hello ocean. Post construction property total: 3 buildings, 5 units (potential for 8 w/ garage conversions), 16 beds, 13 bath, and 5695 living sq ft. Close to USD, with high bath counts and private suites good option to rent by the door to student or run as short/medium term rentals!

Location

State CA

County San Diego

Area 92111 - Linda Vista

Zoning RM-1-1

Interior

Heating See Remarks

Cooling Wall/Window Unit(s)

Exterior

View Y/N Yes

View Ocean

Roof Type Composition

Building

Story 1

Water See Remarks

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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California Regional MLS (CRMLS)
Listed by Benjamin Mavity • eXp Realty of California, Inc.
Bought with Trent Hullen • Trent Hullen

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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