52
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$2,449,000
Est. payment /mo
8 Beds
5 Baths
6,244 Sqft Lot
New
2127-2131 1/2 Felspar San Diego, CA 92109
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 260018256
Bedrooms 8
Full Baths 5
Year Built 1956
Lot Size 6,244 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare North Pacific Beach Fourplex with Immediate Value-Add Opportunity! Address is 2127-2131 1/2 Felspar. Well-maintained and held as a long-term investment, this exceptional income property offers the ideal combination of strong in-place cash flow, low deferred maintenance, and significant upside potential. Featuring two separate duplexes with an attractive unit mix of two 2BR/1BA units, one 3BR/2BA unit, and one 1BR plus office, this property is perfectly positioned for both seasoned investors and 1031 exchange buyers. Zoned Rm-3. Two upcoming vacancies create an outstanding opportunity to renovate (if desired) and quickly capture market rents. One 2BR unit is vacant now, followed by the 3BR/2BA unit at the end of September, allowing a new owner to substantially increase income in the near term. An extensive list of repairs and upgrades is available, reflecting the pride of ownership and ongoing care invested in the property. Located in highly desirable North Pacific Beach, this quiet residential neighborhood consistently attracts quality tenants seeking a coastal lifestyle with everyday convenience. Just minutes from the beach, Mission Bay, shopping, restaurants, parks, and major employment centers, the property also enjoys close proximity to the local elementary school and easy freeway access.
Location
State CA
County San Diego
Area Coastal South
Zoning RM-3
Interior
Heating Wall/Gravity
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 416-553-07-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Lenna C Doyle, DRE#01732169 Compass
NEARBY SCHOOL & BUSINESS
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