979 W Laurel St, San Diego, CA 92101

About this property

We are pleased to present the opportunity to acquire 979 Laurel Street, San Diego, CA 92101, located in the heart of Little Italy. Two income-producing units plus a garage that can be converted for additional income. Perfect investment for a 1031 exchange. Both units are fully remodeled. This duplex can be utilized for a variety of different investment options. Can operate as one unit or independently and also can be used as a work / live space. Current short-term rental restrictions allow for one unit to automatically gain a short-term rental license while the other unit is occupied either by the owner or long-term tenant. A total of 2,200 SF with updated amenities and move-in ready. Just minutes from the airport, walkable to bars, restaurants and the bay, this location can’t be beat. The project location, strong market fundamentals and lack of new inventory should lead to a stable cash-flow.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$1,537,000

Sold August 2023 · orig. $1,599,000, on market April 2023 · MLS #230006178SD · Source: CRMLS

Listing Agent: Marc Lipschitz · Listing Office: Compass · Contact: 858-277-3325 · Bought with: Jenica Martin · Douglas Elliman of California, Inc.

$850,000

Sold July 2021 · orig. $799,000, on market March 2021 · MLS #210006872 · Source: CRMLS

Listing Agent: Casey Martin · Listing Office: eXp Realty of California, Inc. · Contact: 619-618-7997 · Bought with: Luke Middleton · Big Block Realty, Inc.

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