Property Description

Current 4-unit building has very large backyard with ability to build 12 micro units to create a 16 unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with all 4 units currently rented. Additional Opportunity exists with recent law changes allowing for an increased FAR with property having 2,600 sq ft of development space allowing the buyer to build 12 micro units (4 building structures that would each be 3 stories tall) at 210 sq ft/unit to achieve the highest and best use of the property that would perform at a 6.86% cap rate, the micro units would rent out for $1,300/month, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Features
: None
: Electric, Natural Gas
: Other/Remarks
: Partial
: Patio
: Garage, Garage(Attached,N/K)
: Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups
Appliances
: Dishwasher, Range/Oven, Refrigerator, Washer, Dryer
Address Map
US
CA
SD
San Diego
San Diego
92115
Amherst St
6831-33
Metro Uptown
Additional Info
Compass
Additional Information
: Stucco
1
: One
4
1
https://www.propertypanorama.com/instaview/snd/240018911
Listing Information
706853
7158
Compass
634331
8355
ACTIVE
2025-01-08T06:04:47Z
sdmls
: N/K

Residential Income

6831-33 Amherst St, San Diego Ca 92115

9 Bedrooms
7 Bathrooms
4,431
$2,095,000
Listing ID #250000332
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 250000332
Price : $2,095,000
Bedrooms : 9
Bathrooms : 7
Square Footage : 4,431
Year Built : 2000
Status : Active
Full Bathrooms : 7
Property Sub Type : Multi Family
Roof : Composition
Contact Agent
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year
$