2778 Island Ave, San Diego CA, 92102

Active

2778 Island Ave

San Diego CA, 92102

$878,988

$380.02 per sqft

Active

6 Beds

4 Baths

2,313 sqft

Multi-family

Built in 1929

3 units Below Market Value ! Huge Opportunity for high vacation rental income! Beautiful style craftsman Two bedroom two bath with optional third bedroom house with 2 detached manufactured homes that are in process being permitted as Accessory Dwelling Units. Plans have been submitted to the city of SD to be permitted as 2 ADUs. Perfect opportunity for cash investor or general contractor to rehab and update interior on 2 adu units.Minutes to downtown San Diego. 1# unit 2 bedroom 1 bath 2# unit 2 bedroom 1 bath. Zoned for a Potential third bonus adu affordable unit. New permitted owned Solar system The adu homes are fixers and need rehabbing. No Va , conventional or FHA financing. Cash or hard money only Tax records show 938 ft.2 for the main single-family detached. Per appraiser with bonus room is 1138 ft.2 The permit status is unknown and total square footage for bonus room is unverified by seller. These units are in the Opportunity Zone time! Also in the High Transit,Overlay and Promise zones. The price is firm , so do contact me with any intent to offer less. Cash price is List price . Seller is a licensed a real estate agent

240008475

MLSⓇ ID

April 19, 2024

Listed

May 2, 2024

Updated

Map

2778 Island Ave
San Diego CA, 92102

Interior Features

Total Stories: 1
Bedrooms: 6 Beds
Bathrooms: 4 Baths
Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
Laundry Description: Unit 1 Hookups, Unit 2 Hookups
Fireplace: Yes
Cooling: Yes
Cooling Description: Central Air
Heating: No

Exterior/Building Features

Roof: Composition, Other

Other Property Details

Area Name: Metro Central
Days on Market: 8
Garage: No
View: No
County: San Diego
Pool: No
Zoning: RM-1
Buyer Agency Compensation: 2%

Listed by Premier Realty Associates, Jim Majeski,
Listing Contact: 619-302-0855

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Data last updated 3:43 AM UTC, 5/2/2024