3560 62 Island Ave, San Diego, CA 92102
Property
Sold August 2024
Listing Agent: Daniel Sipher (DRE #02043589) · Listing Office: JLM Real Estate Inc. · Contact: 858-336-9688 · Bought with: Daniel Sipher · JLM Real Estate Inc. · MLS #240013035SD · Source: CRMLS
About this property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history