Superior unit mix of one-2 bed/1.5 bath detached house and eight-2 bed/one bath apartments. *There is an additional non-permitted one bed/one bath unit below the house. Built in 1950. Almost all units have been renovated upon turnover. Seller has done about $220k of renovations with a new roof on the detached house and interior upgrades. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Density bonus law of 2018 grants the right of owners of multifamily assets to convert non-permitted residential space to permitted. Local jurisdiction, San Diego County, has 60 days to approve the conversion. That means relatively easy recognition or legalization of a non-permitted unit. Part of a 6 asset portfolio, all of which are available individually.
Data was last updated October 2, 2023 at 01:10 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$4,000,000
Min list price:
$899,000
Max list price:
$11,500,000
Avg days on market:
62
Min days on market:
30
Max days on market:
898
Avg price per sq.ft.:
$193.39
These statistics are generated based on the current listing's property type
and located in
East County. Average values are
derived using median calculations.