- 9 Beds
- 7 Baths
- .16 Acres
- 6 DOM
6831-33 Amherst St
Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with 1 unit already rented out and the others soon to follow as the development is under professional management. Additional Opportunity exists with recent law changes allowing for an increased FAR with the ability to add 4 additional ADUs at 500 sq. ft. each. Assuming construction cost of $720K and each new unit renting at $1900/month, this property would perform over 5% cap rate, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!
Essential Information
- MLS® #240024215
- Price$2,295,000
- Bedrooms9
- Bathrooms7.00
- Acres0.16
- Year Built2000
- TypeResidential Income
- StatusACTIVE
Community Information
- Address6831-33 Amherst St
- AreaSAN DIEGO (92115)
- SubdivisionCollege
- CitySAN DIEGO
- CountySan Diego
- StateCA
- Zip Code92115
Amenities
- # of Garages1
- PoolN/K
Interior
- CoolingOther/Remarks
- # of Stories1
Exterior
- ExteriorStucco
- RoofComposition
Additional Information
- Date ListedOctober 11th, 2024
- Days on Market6
Listing Details
- OfficeCompass
Compass.
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Listing information last updated on December 2nd, 2024 at 1:00pm PST.