2778 Island Ave

San Diego, CA92102

3 units Below Market Value ! Huge Opportunity for high vacation rental income! Beautiful style craftsman Two bedroom two bath with optional third bedroom house with 2 detached manufactured homes that are in process being permitted as Accessory Dwelling Units. Plans have been submitted to the city of SD to be permitted as 2 ADUs. Perfect opportunity for cash investor or general contractor to rehab and update interior on 2 adu units.Minutes to downtown San Diego. 1# unit 2 bedroom 1 bath 2# unit 2 bedroom 1 bath. Zoned for a Potential third bonus adu affordable unit. New permitted owned Solar system The adu homes are fixers and need rehabbing. No Va , conventional or FHA financing. Cash or hard money only Tax records show 938 ft.² for the main single-family detached. Per appraiser with bonus room is 1138 ft.² The permit status is unknown and total square footage for bonus room is unverified by seller. These units are in the Opportunity Zone time! Also in the High Transit,Overlay and Promise zones. The price is firm , so do contact me with any intent to offer less. Cash price is List price . Seller is a licensed a real estate agent

Listed by Jim Majeski of Premier Realty Associates ?



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2024 San Diego MLS®.

Data last update at 2024