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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 1,627,450

Est. payment | -/mo

9 Beds

5 Baths

7,028 Sqft Lot

Save

$ 1,627,450

Est. payment | -/mo

Save

9 Beds

5 Baths

7,028 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260021656

Bedrooms 9

Full Baths 5

Year Built 1937

Lot Size 7,028 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Great investment opportunity to own a recently renovated Triplex in Cherokee Point with 4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 3 fully leased dwellings, Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities.

Location

State CA

County San Diego

Area Metro Uptown

Zoning R-2:MINOR

Direction GPS

Interior

Heating Zoned Areas, Forced Air Unit

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Full

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 447-703-11-00

Acceptable Financing Cash, Conventional, Exchange, FHA, Seller May Carry, Other/Remarks

Listing Terms Cash, Conventional, Exchange, FHA, Seller May Carry, Other/Remarks

Listed by Brian Jackel, DRE#01858355 Michael Stowers

NEARBY SCHOOL & BUSINESS

+1(619) 507-4230

tracy@tracybbaker.com

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3448-50 Cherokee San Diego, CA 92104