2-4 Units For Sale 2 Bedrooms 1517-1521 Meade Avenue, San Diego, Calif
1517-1521 Meade Avenue, San Diego, California 92116
Excellent opportunity to buy 3 units in University Heights near the boarder of Hillcrest, two of San Diego’s premier infill communities. The property is fully occupied with strong in place rental income and tremendous upside. The property has significant ADU potential in addition to Complete Communities Tier 2 with an FAR of 8, which allows for new development of up to 31,992 SF. Currently the property features a front house duplex, including a two-bedroom with in-unit laundry, 2 parking spaces and a small yard. Attached to the front house is a junior one-bedroom unit with private yard. The back building is a two-bedroom with attached garage. The back unit also has 2 open parking spaces, small yard area, and in-unit laundry. The property was built in 1903. The back unit appears to have been modified over the years, but prior to the current ownership. All units are separately metered and owner pays water & sewer. Philip Buckley is also the property owner.