Greg Cummings: San Diego Real Estate Agent
San Diego Condo ManiaMLS: PTP2401263 $1,695,000
5 Bedrooms with 4 Baths2565 COLUMBIA STREET
SAN DIEGO CA 92103MLS: PTP2401263
Status: ACTIVE
List Price: $1,695,000
Price per SQFT: $807
Square Footage: 21005 Bedrooms
4 Baths
Year Built: 1939
Zip Code: 92103
Listing Remarks
Price reduced! Charming, renovated 1939 triplex perfect for owner-occupant. Downtown/Bay views. Extremely well-located at the junction of highly desirable Middletown, Mission Hills, and Bankers Hill. Tenant occupied, but possibility for owner-occupant - call for details. 2 structures. 5,621 SF corner parcel. Front is a 2bed/2bath turnkey house est. @ 1,100 SF w/ private side covered porch with exclusive Downtown and bay views. Interior has been tastefully renovated - all new kitchen/baths, lighting, flooring, paint, SS appliances, cabinets. Rented to long-term tenant at $4.5K/month. Rear 2-story duplex w/ (2) 1bed/1bath units, est. @ 500 SF each, rented to month-month tenants. These units have been recently refreshed but are primed for further upgrades + rent upside. Tenants enjoy private fenced front/side yard areas for additional outdoor relaxation/BBQ space. Newer windows, electrical upgrades, newer mini-split HVAC systems, and exterior landscaping upgrades with new fencing, paint, and drought-tolerant plants. 2 carports offering at least 3 off-street parking spaces and a common-area laundry room for additional income. All units have some views of either Downtown, the Bay or both. Zoned RM-2-5; base density of 1 unit/1,500 SF of land. Complete Communities (Tier 3/6.5x FAR) and Transit Priority Area Overlay zones, both of which lend significant density bonus potential and reduced parking requirements in this prized, coastal location. Fantastic long-term opportunities for investors and developers to explore significant high-density development options. Seller has confirmed
Price reduced! Charming, renovated 1939 triplex perfect for owner-occupant. Downtown/Bay views. Extremely well-located at the junction of highly desirable Middletown, Mission Hills, and Bankers Hill. Tenant occupied, but possibility for owner-occupant - call for details. 2 structures. 5,621 SF corner parcel. Front is a 2bed/2bath turnkey house est. @ 1,100 SF w/ private side covered porch with exclusive Downtown and bay views. Interior has been tastefully renovated - all new kitchen/baths, lighting, flooring, paint, SS appliances, cabinets. Rented to long-term tenant at $4.5K/month. Rear 2-story duplex w/ (2) 1bed/1bath units, est. @ 500 SF each, rented to month-month tenants. These units have been recently refreshed but are primed for further upgrades + rent upside. Tenants enjoy private fenced front/side yard areas for additional outdoor relaxation/BBQ space. Newer windows, electrical upgrades, newer mini-split HVAC systems, and exterior landscaping upgrades with new fencing, paint, and drought-tolerant plants. 2 carports offering at least 3 off-street parking spaces and a common-area laundry room for additional income. All units have some views of either Downtown, the Bay or both. Zoned RM-2-5; base density of 1 unit/1,500 SF of land. Complete Communities (Tier 3/6.5x FAR) and Transit Priority Area Overlay zones, both of which lend significant density bonus potential and reduced parking requirements in this prized, coastal location. Fantastic long-term opportunities for investors and developers to explore significant high-density development options. Seller has confirmed any preexisting historical restrictions can be waived; airport authority will allow up to 60 max. new bldg. height, and has also completed a preliminary architect feasibility study for development of 20-40 multifamily units. Dont miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diegos most desirable residential submarkets!
Address: 2565 COLUMBIA STREET SAN DIEGO CA 92103
Listing Courtesy of TOP GUN CRE
Condo Mania Agent:
Greg CummingsCompass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
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Listing Details
LISTING DATE: 2024-03-06 SALES RESTRICTIONS: Standard UNITS IN COMPLEX: 3 VIEW: Bay, Other/Remarks, Water, Coastline, Neighborhood, City Lights FULL BATHROOMS: 4 HALF BATHROOMS: 0 PARKING GARAGE SPACES: 0 PARKING SPACES TOTAL: 3 EQUIPMENT: Dryer, Washer LAUNDRY UTILITIES: Washer Hookup, Gas & Electric Dryer HU FLOOR NO: 1 STORIES: 2 Story STORIES IN BUILDING: 2 RESIDENTIAL STYLES: All Other Attached LISTING AGENT: Max Delbecq LISTING OFFICE: Top Gun CRE
Estimated Monthly Payments
List Price: $1,695,000 20% Down Payment: $339,000 Loan Amount: $1,356,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $8,571 Estimate does not include taxes, fees, insurance.
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Property Location: 2565 COLUMBIA STREET SAN DIEGO CA 92103
This Listing
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Condo Mania Agent:
Greg CummingsCompass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
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Last Updated: 2024-04-26