12
See all 12 photos
$1,395,000
Est. payment /mo
4 Beds
3 Baths
450 SqFt
Active
4560-64 Winona Ave San Diego, CA 92115
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 450 sqft
Price per Sqft $3,100
MLS Listing ID 250024234
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1940
Lot Size 6,514 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime value-add + development opportunity in highly desirable Talmadge. This 6,600 SF RM-1-1 zoned lot currently features three units: a front duplex with two 1bd/1ba units, plus a detached 2bd/1ba house in the rear. Seller has fully approved permits in hand to demolish the rear house and construct 9 new units, while retaining and renovating the existing duplex—bringing the total to 11 rentable units. New ownership can begin renovations and lease-up immediately. Projected pro forma cap rate of 7.5%. Located in a low-density, high-demand rental market with limited multifamily supply. Excellent access to I-8 and I-15 puts you minutes from Downtown, Mission Valley, Kensington, and the College Area. Rare opportunity to develop in one of San Diego's most stable, appreciating infill neighborhoods.
Location
State CA
County San Diego
Area San Diego (92115)
Building/Complex Name Talmadge
Zoning RM-1-1
Interior
Cooling Other/Remarks
Fireplaces Number 3
Exterior
Exterior Feature Other/Remarks
Garage Spaces 3.0
Fence Other/Remarks
Roof Type Other/Remarks
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Other/Remarks
Space Rent $1,170
Listing Terms Other/Remarks
Special Listing Condition Other/Remarks
Listed by Miles S Slater • JLM Real Estate Inc