3560-62 Island Ave, SAN DIEGO

SAN DIEGO Home Sale

3560-62 Island Ave is a turnkey 2-unit property in San Diego, situated on an over 7,000 square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.

Property Details

3560-62 Island AveLot Size: 0.17Bedrooms: 5Bathrooms: 3Price: $1,199,000Zip: 92102
MLS® #: 240013035Neighborhood: Mt HopeCommunity: Mt HopeSchool District: Days on Market: 25Listed By: Daniel A Sipher, JLM Real Estate Inc.

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
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Additional Information

  • City:
    SAN DIEGO
  • County:
    San Diego
  • Zip:
    92102
  • MLS® #:
    240013035
  • Bedrooms:
    5
  • Bathrooms:
    3
  • Lot Size:
    0.17
  • Neighborhood:
    SAN DIEGO (92102)
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Listing information last updated on August 25th, 2024 at 3:30am PDT.