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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 220016830
Sold Date 08/11/22
Bedrooms 6
Full Baths 3
Half Baths 2
Year Built 1955
Lot Dimensions 150x50
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional
Property Type Res Income 2-4 Units
Property Description
The La Palma Street Property is a Fabulous Beach & Bay Triplex (Home Plus a Duplex)!! A Rare Oversized South Facing Property in a Fantastic Location. Steps to Famous Sail Bay in Pacific Beach, Mission Bay Boardwalk and Fanuel Street Park. There's potential to Expand the Existing Detached Home or Build a Brand New 4-unit Development based upon our Architectural Renderings! Whether you are looking for an exceptional place to call home with rental income, an investment or development opportunity this is the property for you! The La Palma Property has a larger and deeper lot (currently zoned for 2-5 units). In front, there's a charming single level 2-bedroom beach bungalow home with a grassy front and backyard, hardwood floors, and an attached oversized private laundry room, with walk-in closet, extra storage. The home provides the perfect ability for an owner-occupant to enjoy the property as is, enhance the design or expand the square footage to create your own Dream Home while receiving rental income from the back separate duplex building. The duplex has a lower 2-bedroom unit & an upper 2-bedroom unit. Both units have 1-1/2 bathrooms. There's a shared private backyard space, and a laundry storage room. All 3 units are rented, light and bright, in great condition, The featured renderings show a Modern Fourplex Development to maximize the use with potential for divided individual condo ownership. Each designed unit has 3 bedrooms, 2 bathrooms, a private 2-car garage with direct access into unit, and spacious roof top deck for amazing western sunset views.
Location
State CA
County San Diego
Area Coastal South
Zoning R-4:MULTIP
Interior
Heating Wall/Gravity
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N No
Water Access Desc Meter on Property
Roof Type Composition
Building
Water Meter on Property
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Alexander Mickle AVM Properties
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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