3560-62 Island Ave

San Diego, CA 92102 View Map $1,199,000 Schedule a Tour
Beds5
Baths3
Sq.Ft.7,200
Year1980
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 3560-62 Island Ave San Diego CA 92102 | 240013035 |$1,199,000| Call Rob (858) 752-8730 for a TOUR!

Status: Pending
Property Type:Res Income 2-4 Units
MLS #:240013035
Sq. Feet:7,200
On Site:38 Days
County:San Diego

Listing Agent/Office

Agent:Daniel Sipher
Agent Phone:408-368-5225
Office:Jlm Real Estate Inc.
3560-62 Island Ave is a turnkey 2-unit property in San Diego, situated on an over 7,000 square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:3560-62 Island Ave, San Diego, CA 92102
County:San Diego
Area (MLS Code):Metro Central
Subdivision:Mt Hope
Zip Code:92102
Community:SAN DIEGO
Complex:Mt Hope

Architecture

Bedrooms: 5
Bathrooms: 3
Year Built:1980
Stories:1
Exterior: Wood/Stucco
Total Stories: 1
Unit 1: 3 beds, 2 baths. Rent: $3390.0
Unit 2: 2 beds, 1 bath. Rent: $3100.0
Roof: Composition

Features / Amenities

Security Features: Automatic Gate
View: City
Cooling: Central Forced Air
Heating: Forced Air Unit
Heat Source: Electric

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
Topography: Level
Fencing: Gate

Tax and Financial Info

Gross Sched Income Actual: $77, 880
Annual Expense Actual: $19, 470
Cap Rate Actual: $4.86
Tenant Pays: Cable TV, Electricity
Terms: Cash, Exchange, FHA, VA

Schools

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3560-62 Island Ave San Diego,  CA 92102
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3560-62 Island Ave San Diego, CA 92102
 
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Listing information last updated on July 14, 2024 9:00 AM EST.