Low maintenance building, highly desirable location, and low operating expenses. Desirable unit mix: 2 of the 4 units are 3BR/1BA each, and 2 of the 4 units are 1BR/1BA. Multiple opportunities to increase NOI & rents with minor value-add improvements AND potential to add 4 additional ADU units (ADU feasibility report available). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to 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! DID YOU KNOW? Potential for VA Buyers to takeover 4.625% ASSUMABLE VA LOAN with very minimal (gap) down payment required. BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Investment minded buyers love the numbers, potential, & projected returns on this one. Unbeatable returns compared to recent sales!! However, only buyers with full VA entitlement/eligibility to are being considered for the lucrative loan assumption option.
Days on market: 156
Listing updated: September 19, 2025 - 12:03:09
Listed by: Frank Karako DRE #01928210 877-366-2213, LPT Realty, Inc. - Pacific Southwest
Source: Pacific Southwest, MLS#: 89005 Originating MLS: CRMLS
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