3517-23 J St, San Diego, CA 92102
3517-23 J St, San Diego, CA 92102
3517-23 J St, San Diego, CA 92102
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Glen Henderson

Glen Henderson

+1(619) 889-7646
$1,500,000
Est. payment /mo
8 Beds
4 Baths
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260024802

Bedrooms 8

Full Baths 4

Year Built 1959

Property Sub-Type Res Income 2-4 Units

Type of Financing Exchange

Property Type Res Income 2-4 Units

Property Description

Introducing an exceptional investment opportunity in Southeast San Diego, just blocks from Interstate 15 and Imperial Avenue. 3517-23 J St is a well maintained 4-unit multifamily property featuring four 2 bed / 1 bath apartments (2,912 SF, built 1959) on a 7,071 SF RM-1-1 lot with off-street parking in front and a large open rear yard. Three units are leased with tenants reimbursing water through a RUBS program, and one unit is vacant. This is an ideal for an owner-user or a buyer looking to set rents at market from day one. What sets this property apart is the MASSIVE development upside: a full architect-designed plan set is in hand for four detached 2 bed / 1 bath ADUs in the rear yard, offering a clear path to double the unit count to 8 and dramatically increase income on a rare, deep infill lot. Current rents sit well below market, providing additional value-add upside even before any construction. Offered at $1,500,000, this is a compelling opportunity for the investor looking to capitalize on San Diego's strong rental demand and build long-term value. Seller is completing a 1031 exchange; buyer to cooperate with seller's exchange at no cost to buyer.

Location

State CA

County San Diego

Area Metro Central

Interior

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 546-112-03-00

Acceptable Financing Exchange

Listing Terms Exchange

Read Less Info
MLS Router / San Diego MLS
Listed by Kevin Hemstreet, DRE#01490629 South Coast Commercial, Inc. 

Nearby School & Business

Get More Information

Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Premier Homes Team, a division of Big Block Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

San Diego Communities