$1,900,000
$1,950,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
6,216 Sqft Lot
SOLD DATE : 10/13/2022
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 220021847SD
Sold Date 10/13/22
HOA Y/N No
Year Built 1947
Lot Size 6,216 Sqft
Acres 0.1427
Property Description
Incredible investment opportunity on a large lot with alley access, only 4 blocks from Crystal Pier. The Grand On Grand! Plans for 8 units included. 7200 sq ft planned residential development with projected value at over $6,000,000. Complete communities with R-M-2-5 zoning. Potential for $29,000-$30,000 gross income per month with a mix of 5 eight hundred sq ft one bedroom units, and 3 one thousand plus sq ft two bedrooms. Upstairs units feature massive terraced rooftop decks with potential ocean views. 5 off street parking spaces included in current plan. Property is currently configured as a duplex. Tenants on short term leases. Please call to have all your questions answered regarding the potential development. Number of Furnished Units: 2 Topography: LL
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Building/Complex Name The Grand on Grand
Zoning R-M-2-5
Interior
Cooling None
Fireplace No
Appliance Electric Water Heater, Gas Water Heater
Exterior
Fence Partial
View Y/N Yes
View Ocean
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4230531100
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Financing Cash
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Bought with Brian Bush • Datashare CLAW Default Office Don't Delete
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "