$610,000
$699,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/26/2023
Key Details
Sold Price $610,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 230013407SD
Sold Date 09/26/23
HOA Y/N No
Year Built 1940
Property Description
Well maintained duplex with a 3 bed 1 bath house + 1 bed 1 bath unit on a 5,115 sq ft lot. The real value in this property is it's location with the San Diego Complete Communities plan, which allows for the construction of up to 22 units. With a coveted Tier 3 designation, the property boasts a remarkable FAR (Floor Area Ratio) ratio of 6.5. This exceptional FAR allows for a significant increase in density and building size, ensuring a higher return on investment. The property also lies within the Opportunity Zone which comes with additional tax benefits.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning CN-1-3
Interior
Cooling None
Fireplace No
Exterior
Fence None
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5356920700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Ryan Balcerzak • Fair Trade Real Estate