Beds3
Baths3
Sq.Ft.5,051
Year1938
Robert & Joy Aumann
(858) 752-8730
FOR SALE: 2519 Columbia St San Diego CA 92103 | 230005955 |$1,655,000| Call Rob (858) 752-8730 for a TOUR!
Status:
Sold
Property Type:Res Income 2-4 Units
MLS #:230005955
Sq. Feet:5,051
Date Sold:5/31/2023
County:San Diego
Listing Agent/Office
Agent:Doug Taber
Agent Phone:858-609-9559
Office:Keller Williams Realty
2519 Columbia Street is currently comprised of three fully-occupied, updated units and includes approved plans and permits to build an additional (9) nine studio units on the back half of the 5,051sf lot. With plans and drawings created by the architectural firm PALO - this project is designed with a style that attracts the modern tenant while capitalizing on current legislation and building codes. With excellent proximity to Downtown San Diego and the San Diego International Airport, this location serves a diverse workforce that continues to expand in a market with a lack of available housing. Fully Permitted / Shovel Ready Building Opportunity. You get INSTANT INCOME and the potential to own a 12 Unit - 6 Cap (Pro-Forma) when you acquire this renovated triplex in the heart of San Diego's most desirable neighborhood - just blocks from Little Italy, Hillcrest, Downtown, Balboa Park, restaurants, nightlife, Petco Park and so much more! HIGHLIGHTS Renovated 3-unit property with Fully-Permitted Plans Incredible San Diego Location - Close To Everything Plans by PALO Architects designed to attract tenants Potential for above market yields Featured in UC Berkeley ADU Article https://bit.ly/ADUArticle
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 6/1/2023 | $1,750,000 | $1,655,000 | -5.4% |
Community Information
Address:2519 Columbia St, San Diego, CA 92103
County:San Diego
City:San Diego
Area (MLS Code):Metro Uptown
Subdivision:Bankers Hill
Zip Code:92103
Community:SAN DIEGO
Complex:San Diego
Architecture
Bedrooms:
3
Bathrooms:
3
Year Built:1938
Stories:1
Exterior: Stucco
Total Stories: 1
Unit 1: 1 bath. Rent: $1750.0
Unit 2: 1 bed, 1 bath. Rent: $1705.0
Unit 3: 2 beds, 1 bath. Rent: $3250.0
Roof: Composition
Features / Amenities
Cooling: Central Forced Air, Wall/Window
Rooms
| Dimensions | |
| Master | |
| Bedroom 2 | |
| Bedroom 3 | |
| Bedroom 4 | |
| Bedroom 5 | |
| Breakfast Area | |
| Dining Room | |
| Kitchen | |
| Living Room | |
| Family Room | |
| Extra Room 1 | |
| Extra Room 2 | |
| Extra Room 3 |
Property Features
Lot Dimensions:4,000-7,499 SF
Fencing: Partial
Tax and Financial Info
Gross Sched Income Actual: $80, 460
Gross Sched Income Projected: $113, 724
Annual Expense Actual: $31, 614
Annual Expense Projected: $31, 614
Other Income Actual: $840
Other Income Projected: $840
Cap Rate Actual: $2.90
Cap Rate Projected: $4.70
Tenant Pays: Electricity
Terms: Cash, Conventional, Exchang
