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    1927 Irving Ave

    San Diego, CA 92113
    • $849,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 210011663
    UPDATED: 41 min ago
    $849,000
    • 2
      BEDS
    • 0.12
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 792
      SQFT
    • $1,072
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1906
    County:

    School Ratings & Info

    Description

    We are proud to present a very rare and amazing opportunity in Barrio Logan, located less than 5 minutes from Coronado Bridge, Downtown San Diego, Petco Park, the Convention Center, Gaslamp, Etc. There is almost NO inventory in this area. For sale is a newly COMPLETELY renovated 2 bed/1 bath house on a very large lot with APPROVED permits and plans to build a spacious duplex in the back. The duplex drawings have a bottom unit that is 3 rooms/2 bath, upstairs unit of 4 rooms/2 bath, and a carport. The property has ally access from the back so the main house has an entrance from the main street (Irving) and the back units will have their own entrance from the ally side. The seller got a building quote of $225,000 for the unit build so for just over $1,000,000 invested, a new buyer can have a house to either rent or live in, and a duplex in the back. Current rent estimates show this complex will yield rent in excess of $10,000 monthly. If the buyer lives in the front house, the units in the back should cover the mortgage! Its a great location that is very impacted. When seller listed property for rent they received over 100 inquiries. Also this property is in an OPPORTUNITY ZONE, meaning its a great option for any investor with capital gains to defer or eliminate federal taxes. Permits were ALL approved by city of San Diego. It took seller over 18 months and numerous obstacles and over $100,000 to get the permits finally approved. The project will be shovel ready by closing. Tenant is leaving end of May so property can be delivered vacant June 1, 2021. Equipment: Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T18:37:48.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/116717944
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    1927 Irving Ave San Diego, CA 92113

    • Price: $849,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 210011663
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.12
    Acres
    792
    SQFT
    $1,072
    $/SQFT
    1906
    Built
    Neighborhood:
    Logan Heights
    County:
    San Diego
    Area:
    92113 - Logan Heights
    Property Description
    We are proud to present a very rare and amazing opportunity in Barrio Logan, located less than 5 minutes from Coronado Bridge, Downtown San Diego, Petco Park, the Convention Center, Gaslamp, Etc. There is almost NO inventory in this area. For sale is a newly COMPLETELY renovated 2 bed/1 bath house on a very large lot with APPROVED permits and plans to build a spacious duplex in the back. The duplex drawings have a bottom unit that is 3 rooms/2 bath, upstairs unit of 4 rooms/2 bath, and a carport. The property has ally access from the back so the main house has an entrance from the main street (Irving) and the back units will have their own entrance from the ally side. The seller got a building quote of $225,000 for the unit build so for just over $1,000,000 invested, a new buyer can have a house to either rent or live in, and a duplex in the back. Current rent estimates show this complex will yield rent in excess of $10,000 monthly. If the buyer lives in the front house, the units in the back should cover the mortgage! Its a great location that is very impacted. When seller listed property for rent they received over 100 inquiries. Also this property is in an OPPORTUNITY ZONE, meaning its a great option for any investor with capital gains to defer or eliminate federal taxes. Permits were ALL approved by city of San Diego. It took seller over 18 months and numerous obstacles and over $100,000 to get the permits finally approved. The project will be shovel ready by closing. Tenant is leaving end of May so property can be delivered vacant June 1, 2021. Equipment: Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
    Exterior Features

    Construction Materials Vinyl Siding Open Parking Spaces 1 Parking Features DrivewayOther Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Sign On Property YN No

    Interior Features

    Appliances Built-In Range Cooling None Cooling YN No Heating Natural GasNone Heating YN No Interior Features All Bedrooms DownBedroom On Main Level

    Property Features

    Association Fee 0 Garage YN No Land Lease YN No Laundry Features Gas Dryer HookupLaundry Room Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventional1031 ExchangeFhaVa Loan Property Sub Type Single Family Residence Senior Community YN No Water Source Public Zoning R-4:Multip

    Listing provided courtesy of Marianne Malek of Marianne Malek, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T18:37:48.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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