Property
Beds
3
Full Baths
2
1/2 Baths
1
Year Built
2023
Sq.Footage
1,440
High-growth investment opportunity in Logan Heights, ideal for Investors & Builders. This centrally located dual-frontage property with alley access and gated parking on a level 3,422SF lot zoned RM-2-5 offers pre-approved plans for the construction of a detached ADU duplex, providing accelerated rental income potential. Currently, there is a completely remodeled turnkey 3BR/2.5BA detached 1,440SF home on the premises, with an estimated market rental value of $4,995 per month. The main house was fully rebuilt from the foundation up in 2023, retaining the original 1919 footprint. Eligible for Short-Term Residential Occupancy (STRO) licensing and Transient Occupancy Tax (TOT) registration, Buyer to confirm. The pre-approved plans, designed by SnapADU, include one detached duplex with two 1/1 units measuring ~400SF each to maximize density at three (3) rentable units on the premises. With these additions, the projected total rent after construction is up to $9,995 per month, adding two new income streams and supporting strong multi-unit cash flow. To bring this vision to life, leverage key bonus programs in place at this site by tapping into the Transit Area Overlay (TAO) and Transit Priority Area (TPA), Opportunity Zone and Promise Zone, Airport Influence Area (AIA), and Complete Communities Plan (Tier 3) unlocking ADU bonuses, transit-oriented development (TOD) density, parking relief, and fast track approvals. This strategic location grants immediate access to major economic hubs, allowing you to capture high-demand urban housing in a prime, high-growth corridor. Supported by nearby transit and central freeway reach to sustain durable occupancy near I-5, SR-94, and I-15 for rapid mobility to Downtown San Diego, Petco Park, Balboa Park, Naval Base San Diego, and Naval Air Station (NAS) North Island via Coronado Bridge, with amenity-rich arts & waterfront districts proximate. This flexible urban infill site provides potential tax incentives for savvy investors and drives maximum appreciation for your portfolio. Buyer to verify all provided information and intended use independently.
Features & Amenities
Interior
-
Other Interior Features
Dry Bar, Open Floorplan, Pantry, Stone Counters, Recessed Lighting, Storage, Walk-In Closet(s), Master Downstairs
-
Total Bedrooms
3
-
Bathrooms
2
-
1/2 Bathrooms
1
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stone, Stucco
-
Parking
Concrete, Carport, Driveway, Garage, Gated, On Site, Other, On Street, Tandem
-
Patio and Porch Features
Covered, Front Porch, Patio
-
Pool
Yes
-
Pool Features
None
-
View
Neighborhood
Area & Lot
-
Lot Size(acres)
0.0786
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Contemporary, Craftsman, Modern
Price
-
Sales Price
$1,100,000
-
Sq. Footage
1, 440
-
Price/SqFt
$763
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Water Source
Public
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Portia Green , Compass
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