2499 Tuberose St, East San Diego, CA 92105

$1,600,000

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List Price
$1,600,000
Status
ACTIVE
MLS#
260017277SD
Lot Size
20,070
Acres
0.46
Days on Market
13
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Attention Investors and Developers! This is an incredible opportunity to own an income property with the potential to add six additional units with approved zoning (see documents), expanding the current six-unit property to a possible twelve units. Situated on just under half an acre at the end of a quiet cul-de-sac, this property offers both privacy and convenient access to major commuter routes. With six existing units—three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units and a studio—the investment potential is outstanding. The property features two separate buildings, with four units in the main building and two units in the second building, plus plenty of parking for tenants, both in the front and back. Built in 1958, this property presents a rare chance for investors or developers to significantly increase rental income and maximize the value of the lot. Opportunities like this are hard to find—don’t miss out.

Additional Information

Cooling
Yes
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$130,800
Operating Expense
40000

Listing courtesy of Listing Agent: Jamie Hopkins (jamie@team-metro.com) from Listing Office: Team Metro.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.