Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
2000
Sq.Footage
2,844
4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY offering highly desirable location. Low maintenance building with low operating expenses. Desirable unit mix includes 2 units @ 3BR/1BA & 2 units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add 4 additional ADU units (Ask to see the ADU feasibility study). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to tons of shopping, multiple light rail stations (green & orange lines), bus stops, & I-8 freeway. Close to San Diego State, Grossmont College, & Grossmont Hospital. Minutes from popular Cowles Mountain & Lake Murray. Less than 15 miles to the beach! Downtown San Diego is only 10 miles & University City’s “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail or multiple freeways. Loan assumptions are easier than ever before and closing in near record times! BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Effectively go back in time by assuming the current loan at the historically low interest rate and the low gap means you can buy for LESS CLOSING COSTS out of pocket compared to a new loan! Profit from substantially expedited principal pay down & lower interest expenses.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Cooling YN
NO
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Main Level Bedrooms
4
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
-
View
Neighborhood
Area & Lot
-
Lot Size(acres)
0.1684
-
Property Type
Residential
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,884,000
-
Sq. Footage
2, 844
-
Price/SqFt
$662
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
-
Sewer
Public Sewer
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Frank Karako , LPT Realty, Inc.
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