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3780-3782 Arizona Street

San Diego, CA 92104
  • $1,599,999
  • STATUS: ACTIVE
  • ON SITE: 72 Days
  • ID#: 240002673
$1,599,999
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $1,143
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Description

FHA ASSUMABLE LOAN AT 3.875% & CASH COW PROPERTY! Motivated Seller and Incredible Opportunity! Zoning Permits for up to 30ft Max Structure Height, thanks to Complete Communities, Unlimited Potential! Live In One and Rent Out the Other, Lay Back and Watch the Endless Cash-Flow, or Build the investment of your DREAMS, Thanks to TPA too! Your Beautiful Modern Craftsman Homes offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Both Units Have Been Renovated in 2022 and The Front Home Has Been a Successful AirBnB for a Year (Grossing Roughly $116,628, just the front home Maintaining an Occupancy Rate of 93%!) and Back Unit is Tenant Occupied and Has a Potential AirBnB Gross Profit of $54,120! Detached Garage Serves As An Easy Conversion to a 1-Bedroom Unit!! Neither Home Spares Any Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 12 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Dimmable Can-less Lights Throughout, and HUGE Front & Back Yards, Custom Painted North Park Mural! Back Home has Hard Oak Floors, Calcutta Unique Countertops, and a European Flow! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 3 min Walk to Balboa Park, and 5 min Drive to Downtown! Taking Over this Substantial Property Can Bring in a Profit of $170,748/$14,229 per Month!!! Hard to Ask for a Better Opportunity! Check out the Virtual Tour to see the Renovations of 3782 (Back House)

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147303871
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3780-3782 Arizona Street San Diego, CA 92104

  • Price: $1,599,999
  • Status: ACTIVE
  • On Site: 72 Days
  • ID#: 240002673
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,400
SQFT
$1,143
$/SQFT
1939
Built
Neighborhood:
North Park
County:
San Diego
Area:
North Park (92104)
Property Description
FHA ASSUMABLE LOAN AT 3.875% & CASH COW PROPERTY! Motivated Seller and Incredible Opportunity! Zoning Permits for up to 30ft Max Structure Height, thanks to Complete Communities, Unlimited Potential! Live In One and Rent Out the Other, Lay Back and Watch the Endless Cash-Flow, or Build the investment of your DREAMS, Thanks to TPA too! Your Beautiful Modern Craftsman Homes offers 2700 Additional Buildable Square Footage Not Including the THREE STRUCTURES Already On the Premise (That Can Be Built to 3-Stories EACH!) Both Units Have Been Renovated in 2022 and The Front Home Has Been a Successful AirBnB for a Year (Grossing Roughly $116,628, just the front home Maintaining an Occupancy Rate of 93%!) and Back Unit is Tenant Occupied and Has a Potential AirBnB Gross Profit of $54,120! Detached Garage Serves As An Easy Conversion to a 1-Bedroom Unit!! Neither Home Spares Any Expense in Upgrades! French Oak Floors, Light and Bright Kitchen With Beautiful Overhang Island, Resort-Style Master Bathroom with 12 SHOWER HEADS (Including 2 Rainfall Shower Trims), Spanish Tile in Both Bathrooms, Smart HALO Dimmable Can-less Lights Throughout, and HUGE Front & Back Yards, Custom Painted North Park Mural! Back Home has Hard Oak Floors, Calcutta Unique Countertops, and a European Flow! 3 min Walk to 30th Street, 5 min Walk to Hillcrest, 3 min Walk to Balboa Park, and 5 min Drive to Downtown! Taking Over this Substantial Property Can Bring in a Profit of $170,748/$14,229 per Month!!! Hard to Ask for a Better Opportunity! Check out the Virtual Tour to see the Renovations of 3782 (Back House)
Exterior Features

Exterior Wood Fencing Full Frontage Other/Remarks Irrigation Manual Parking For RV On-Site Parking Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Detached Parking Non Garage Desc Unit1 Assigned Pool N/K Pool Heat None Known Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2 View CityMountains/Hills

Interior Features

Cooling Wall/Window Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source Electric Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

Property Features

Actual Cap Rate 8.4 Additional Property Use With Structures Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community NORTH PARK Complex Features BBQBiking/Hiking TrailsLaundry Facilities Complex Park Pauly Addition Cross Streets University Gross Rent Multiplier Actual 11.88 Gross Rent Multiplier Project 9.96 Gross Scheduled Income Actual 143028 Gross Scheduled Income Project 170748 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous Dog RunTennis Court Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Possession Close of Escrow Projected Cap Rate 10.0 Sales Restrictions N/K Security Other/Remarks Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial)Satellite DishWired High Speed Internet Tenant Pays SewerTrashWaterElectricityHot Water Terms CashConventionalExchangeFHA Unit Number For Unit1 3780 Unit Number For Unit2 3782 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 9719.0 Unit1 Rent Actual 9719.0 Unit2 Deposit 2200 Unit2 Occupied Tenant Unit2 Projected Rent 4510.0 Unit2 Rent Actual 2200.0 Zoning RM 1-1

San Diego MLS logo Listing provided courtesy of Christopher Burgos of Coldwell Banker West: 754-777-3333. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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4138 Napier St.
San Diego CA, 92110