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3815 Villa Terrace

San Diego, CA 92104
  • $1,600,000
  • STATUS: ACTIVE
  • ON SITE: 20 Days
  • ID#: 240024417
UPDATED: 169 min ago
$1,600,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Description

Great investment opportunity in North Park just blocks away from the heart of North Park. 2 of 3 units have been remodeled. Maximize a RM3-8 zoned property to utilize San Diego's bonus ADU program and build 8+ ADU units. Ask agent for feasibility study. Zoned Complete Communities, SustainableDevelopment Area & Transit Priority Area. Parcel qualifies for Affordable Housing Density Bonus, Accessory Dwelling Density Bonus, Major Reductions in Parking,F.A.R. ratio 6.5 & a height restriction of 50 ft.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/156737855
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3815 Villa Terrace San Diego, CA 92104

  • Price: $1,600,000
  • Status: ACTIVE
  • On Site: 20 Days
  • Updated: 169 min ago
  • ID#: 240024417
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1932
Built
Neighborhood:
North Park
County:
San Diego
Area:
North Park (92104)
Property Description
Great investment opportunity in North Park just blocks away from the heart of North Park. 2 of 3 units have been remodeled. Maximize a RM3-8 zoned property to utilize San Diego's bonus ADU program and build 8+ ADU units. Ask agent for feasibility study. Zoned Complete Communities, SustainableDevelopment Area & Transit Priority Area. Parcel qualifies for Affordable Housing Density Bonus, Accessory Dwelling Density Bonus, Major Reductions in Parking,F.A.R. ratio 6.5 & a height restriction of 50 ft.
Exterior Features

Exterior Stucco Fencing N/K Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 1 Units With Refrigerators 1 Units With Washers 0

Property Features

Actual Cap Rate 5.22 Age Restrictions N/K Annual Expense Actual 35820 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community NORTH PARK Complex Park none Cross Streets university Gross Rent Multiplier Actual 13.4 Gross Scheduled Income Actual 119400 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 7200 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms Conventional Unit1 Deposit 3650 Unit1 Occupied Vacant Unit1 Rent Actual 3650.0 Unit2 Deposit 2650 Unit2 Occupied Vacant Unit2 Rent Actual 2650.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Rent Actual 1000.0

San Diego MLS logo Listing provided courtesy of Christopher Luna of Cypress Realty & Mortgage: 916-397-4367. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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