$1,550,000
$1,595,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 04/03/2020
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 190053579
Sold Date 04/03/20
HOA Y/N No
Year Built 1956
Lot Size 0.270 Acres
Property Description
Truly rare-this nearly 12,000 sf North Park private lot has unparalleled views of Switzer Canyon & is home to 2 lovely properties.The 3/2 house, 1,600 esf, is a stunning mid-century with sweeping canyon views from every room & the parcel is a gardener's dream! The 2+1 opt./1 bath house, 1,000 esf, is loaded w/character, a basement & its own canyon view deck. Both houses have a 2 car garage & laundry.See supp. remarks & attachments! Family compound? Live in one and rent the other? What an opportunity! The smaller house facing Nutmeg Place was built by the Sellers' parents in 1942. They built the larger house in 1956. The smaller house was occupied by tenants for many years paying under market value rent. Amazing short-term or long-term rental income potential here-please see attached Pro Forma. Would also make a great inter-generational family compound! The list of improvements to the properties is extensive, please see the attachment. There is plenty of room for that dream orchard or vineyard! This prime parcel is in the heart of North Park minutes to Balboa Park and adjoining metro neighborhoods. In addition to enjoying Switzer Canyon and views all the way to downtown, there is always plenty to enjoy in this lively community filled with its quaint business district, coffee houses, breweries and restaurants. Neighborhoods: North Park Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3115 Olive Unit # for Unit 2: Nutmeg Unit 1 Parking Spaces: 4 Unit 2 Parking Spaces: 6 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: ,,GSL
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name 3115 Olive
Zoning R-2:MINOR
Interior
Heating Combination, Forced Air, See Remarks
Cooling Central Air, See Remarks
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
Pool None
Roof Type Composition
Private Pool No
Building
Lot Description Sprinklers Manual
Story Multi/Split
Entry Level Multi/Split
Level or Stories Multi/Split
Others
Tax ID 4536640100
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing VA
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Bought with Robert Bonham • San Diego Home Sales