Listed by Luxome Realty, Inc.
$1,690,000
N/A
Details
APN 447-172-05-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,850
Units 2
Cap Rate 3.50%
Year Built 1926
Buildings 2
Stories 1
Multifamily | 3.50% CAP | 2 Units
Marketing description
Gorgeous 2-unit investment opportunity in the heart of Normal Heights/North Park—one of San Diego’s most vibrant and sought-after neighborhoods. This beautifully remodeled (2021) home, features TWO fully detached homes, each offering 2 bedrooms and 1 full bath, blending modern upgrades with strong income potential. Each residence comes complete with all appliances included, private and exclusive yard space, and its own solar system (leased)—providing both convenience and long-term efficiency. The property is thoughtfully designed with a serene shared courtyard at its center, featuring lounge seating and a relaxing jacuzzi—perfect for tenants or guests to unwind. The back unit boasts an additional bonus: a detached 2-car garage, adding significant value and functionality. Both units are currently occupied by long-term tenants, offering immediate, stable income for investors. Previously operated as a highly lucrative Airbnb ($100k+ annually), this property also presents excellent short-term rental potential (buyer to verify local regulations). Zoned RM-2-5, this property is located within a Sustainable Development Area, Transit Priority Area, and Complete Communities zone—offering valuable incentives and significant upside potential for future development. Whether you're completing a 1031 exchange or seeking a versatile income-producing asset in a prime location, this property delivers on all fronts—location, lifestyle, and long-term growth. Don’t miss this exceptional opportunity in one of San Diego’s most dynamic communities.
Listing Contacts
Listed by Luxome Realty, Inc.
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