$815,000
$879,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1 Bath
1,450 SqFt
SOLD DATE : 08/16/2022
Key Details
Sold Price $815,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,450 sqft
Price per Sqft $562
Subdivision Logan Heights
MLS Listing ID 220008395SD
Sold Date 08/16/22
Bedrooms 4
Full Baths 1
HOA Y/N No
Year Built 1919
Lot Size 4,499 Sqft
Property Description
Opportunity knocks with this Logan Heights home! Situated on a 4500-sf CN-1-4 mixed-use zoned lot, a Buyer has multiple options for adding value. Home features 4 bedrooms, 1 bath, a bonus room, laundry room and detached single car garage. Currently tenant occupied on a month to month basis. Property has been confirmed to have NO historical significance, has received FAA Obstruction Clearance to 100' (more possible), and has two preliminary reviews from the City of San Diego confirming extent of mixed use development opportunities which may be achieved with over-the-counter, by-right permits (i.e., no discretionary hearings or approvals. 3 options: 1) develop 10 micro units plus 7200-sf of commercial which could be used as visitor accommodation units (airbnb) or other commercial (professional office and retail) uses; 2) construct up to 29,250-sf of residential units, plus 4,500-sf of commercial, to be used as commercial space (no visitor accommodations); or 3) retain current home and convert current detached garage to ADU plus add additional ADUs to lot for added rental income. If building up, views of the Coronado Bridge AND downtown San Diego are possible. Sits right on a trolley stop, so no parking required under many development scenarios. In short, multiple options for every Buyer category! Equipment: Range/Oven Sewer: Public Sewer Topography: LL
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning Mixed-Use
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Parking Features Concrete
Garage Spaces 1.0
Garage Description 1.0
Pool None
Roof Type Rolled/Hot Mop
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 5356702600
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
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Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER