6831 33 Amherst St, San Diego CA, 92115

Active

6831 33 Amherst St

San Diego CA, 92115

$2,295,000

Active

Residential

Built in 2000

Listed by Seth OByrne with Compass 858-869-3940

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!

240024215SD

MLSⓇ ID

October 11, 2024

Listed

October 18, 2024

Updated

Map

6831 33 Amherst St
San Diego CA, 92115

Interior Features

Total Stories: 1
Fireplace: No
Cooling: Yes
Cooling Description: See Remarks
Heating: Yes
Heating Description: Electric, Natural Gas

Exterior/Building Features

Lot Size: 0.16 Acres
Roof: Composition

Other Property Details

Area Name: 92115 - San Diego
Days on Market: 6
Garage: No
Parking Total: 0
View: No
County: San Diego
Pool: No
Pool Features: None

Listing Contact: 858-345-4514

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/18/2024 at 12:44 PM UTC