17
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$1,058,000
Est. payment /mo
Active
4606 Ocean View BLVD San Diego, CA 92113
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2600505
HOA Y/N No
Year Built 1960
Lot Dimensions Assessor
Property Sub-Type Multi Family
Property Description
STRATEGIC 8-UNIT MULTIFAMILY OPPORTUNITY (SDA/TPA). Prime development portfolio consisting of two separate legal parcels (APN 547-440-36-00 & 547-440-37-00) totaling 11,182 sq. ft.. Situated in a certified Sustainable Development Area (SDA) and Transit Priority Area (TPA), this site qualifies for the ADU Home Density Bonus Program, allowing for a high-density yield of 8 units (1 primary + 3 ADUs per lot). Maintaining two separate lots bypasses the 6-unit cap typically found on single parcels over 10,000 sq. ft.. Topography is flat with a favorable Geologic Category 52 (Low Risk). This is a high-yield urban infill asset with an estimated gross monthly income of $21,500 at 100% occupancy. Existing house is in good condition and will make a great ongoing rental. Buyer to verify zoning, all city density programs and development potential.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning RS-1-7
Interior
Fireplace No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Street Level, Level
Story 1
Others
Tax ID 5474403600
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Submit, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2600505
Listed by Joe Gummerson Joseph Gummerson Broker [email protected]
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