5023 63Rd, Talmadge/San Diego Central, CA, CA 92115

$2,300,000

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List Price
$2,300,000
Status
ACTIVE
MLS#
260017923SD
County
San Diego
Year Built
1950
Square Feet
10,000
Days on Market
8
Property Type
Multifamily
Stories
One Level
Neighborhood
San Diego
Virtual Tour 1
https://www.propertypanorama.com/instaview/snd/260017923

Property Description

Value-add duplex in San Diego's College Area near SDSU, offering a 3BD/1BA unit and a 1BD/1BA unit, ideal for an investor or owner-occupant seeking rental upside. Also available for purchase together with adjacent parcels at 5005 & 5011 63rd Street as a ±33,400 SF assemblage (3 APNs). Zoned RM-2-5, within SDA and TPA overlays, qualifying for CCHS Tier 3 (up to 6.5 FAR). Combined assemblage currently includes 7 existing residential units generating in-place income, with no development plans currently on file, covered land with redevelopment potential. Located minutes from SDSU, transit, shopping, and freeway access, in a submarket with active nearby multifamily and student housing development. Buyer to verify all zoning, entitlement, and development potential with the City of San Diego.

Additional Information

Parcel Number
4672002300
Gross Scheduled Income
$63,008
Net Operating Income
$22,792
Number of Buildings
1
Cooling
Yes

Listing courtesy of Listing Agent: Aaron Bove (aaron.bove@colliers.com) from Listing Office: Colliers International SD, Inc.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.