3565 Fairmount Avenue, San Diego, CA 92105

About this commercial property

The Fairmount Cottages consist of six spacious (over approximately 650 square foot) 1 Bedroom / 1 Bathroom units, one of which has a den. The units have large floor plans and were completely renovated in 2004. The renovations included new electrical, plumbing, windows, kitchens, cabinets, and refinished hardwood flooring. The property is gated. There are four total structures including 3 duplexes and another structure with laundry and storage next to a patio. There are (2) washers and (2) dryers on the property. The property consists of a 12,078 square foot lot and the units total 4,126 rentable square feet built in 1927. There are 7 total parking spaces (3 tandem). There is 33% upside in the existing rents as well as room on the parcel for ADUs. Re-development is also an option with CUPD-CU-3-6 zoning in the Complete Communities Housing Solutions Tier 3 Zone Overlay with 6.5 FAR Parking Standard Transit Priority Overlay.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$1,495,000

Sold January 2024 · listed $1,529,000, orig. $1,595,000, on market December 2023 · MLS #230023409SD · Source: CRMLS

Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily

$664,000

Sold March 2014 · listed $679,000, on market December 2013 · MLS #130063716 · Source: CRMLS

Listing Agent: Joe Ramos · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Benn Vogelsang · South Coast Commercial, Inc.

$611,150

Sold May 2012 · listed $550,000, on market April 2012 · MLS #120020018 · Source: CRMLS

Listing Agent: Joe Ramos · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Joe Ramos · South Coast Commercial, Inc.

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