Property
Listing Agent: Scott Edelstein (DRE #02043672) · Listing Office: W & D Real Estate Investments · Contact: 858-461-9452 · Bought with: Ryan Balcerzak · Fair Trade Real Estate · MLS #230013407SD · Source: CRMLS
Well maintained duplex with a 3 bed 1 bath house + 1 bed 1 bath unit on a 5,115 sq ft lot. The real value in this property is it's location with the San Diego Complete Communities plan, which allows for the construction of up to 22 units. With a coveted Tier 3 designation, the property boasts a remarkable FAR (Floor Area Ratio) ratio of 6.5. This exceptional FAR allows for a significant increase in density and building size, ensuring a higher return on investment. The property also lies within the Opportunity Zone which comes with additional tax benefits.
Listing description from the September 2023 sale, as reported to CRMLS.