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Key Details
Sold Price $600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2405471
Sold Date 11/07/24
HOA Y/N No
Year Built 1952
Lot Size 9,047 Sqft
Property Description
FIXER PROPERTY WITH ADD VALUE OPPORTUNITY! HIGH DENSITY DEVELOPMENT OPPORTUNITY! This major fixer features a duplex with two 2-bed/1-bath units, a detached 2-car garage, and sits on a flat 9,047 sq. ft. lot. Zoned RM-2-5, this property is perfect for investors looking to renovate and add tremendous value or purchase the adjacent flat 18,473 sq. ft. lot (APN # 551-050-16-00) for even greater development potential. Together, the combined lots offer a total of 26,958 sq. ft., with the potential to build up to 116 units under the Complete Communities Program (FAR Tier 3). Zoning permits 1 unit per 1,500 sq. ft., making these properties ideal for HIGH DENSITY DEVELOPMENT OPPORTUNITY! Both lots are available separately or as a package deal, with the seller preferring to sell both properties together to maximize development potential. Located in a prime area with easy access to freeways, public transportation, and amenities, these lots offer endless opportunities for developers in a high-demand market. Don’t miss this chance to renovate, add value, or undertake a large-scale development! CASH ONLY. ADJACENT LOT IS BEING SOLD SEPARATELY MLS# PTP2405502.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning R-2:Minor Multiple
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 1
Sewer Public Sewer
Others
Senior Community No
Tax ID 5510501500
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with Ruben Rodriguez • Coldwell Banker West
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935