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Mary Oh

mary.socalre@gmail.com +1(714) 595-1787

$ 2,095,000

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Active

6831 33 Amherst St San Diego, CA 92115

6,982 Sqft Lot

UPDATED:

01/14/2025 02:18 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 250000332SD

HOA Y/N No

Year Built 2000

Lot Size 6,982 Sqft

Property Description

Current 4-unit building has very large backyard with ability to build 12 micro units to create a 16 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 all 4 units currently rented. Additional Opportunity exists with recent law changes allowing for an increased FAR with property having 2,600 sq ft of development space allowing the buyer to build 12 micro units (4 building structures that would each be 3 stories tall) at 210 sq ft/unit to achieve the highest and best use of the property that would perform at a 6.86% cap rate, the micro units would rent out for $1,300/month, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Location

State CA

County San Diego

Area 92115 - San Diego

Building/Complex Name La Mesa Colony

Interior

Heating Electric, Natural Gas

Cooling See Remarks

Fireplace No

Exterior

Fence Partial

Pool None

View Y/N No

Roof Type Composition

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4682600200

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Seth OByrne • Compass

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(714) 595-1787

mary.socalre@gmail.com

110 E Wilshire Ave, Suite G1, Fullerton, California, 92832, USA