OFFERING SUMMARY
List Price:
$4,990,000
Number of Units:
14
Price/Unit:
$356,429
Price/SF:
$414.49
Cap Rate:
3.43%
GRM:
18.16
NOI:
$171,367
Status:
Active
Investment Highlights:
One Of The Largest Urban Lots Listed In Core San Diego
Rehab The 12 Units. Then, Either Rehab or Demolish The Duplex To Maximize Density
20,626 SF Lot Zoned RM-3-7 (1 Dwelling Unit/1,000 SF)
Future Flexibility To Lot Split And Sell Off Individually
The Duplex Was Rumored To Have Originally Been A Portuguese Embassy; Prime Candidate For Mills Act Property Tax Savings; No Current Designation
Large Vintage Style Units With Courtyard Community Area Large Back Area For Potential Off-Street Parking
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