Friday, August 18, 2017

SOLD

4039 Highland Ave.
San Diego, CA 92105


4 Units = Off Market
Suggested offer price 580k


Lot -6,253 SQFT


Add value- Super low rents

All tenants are related- One extended Family.

3 Structures-
All structures have post and pier foundations
Electrical was upgraded roughly 15 years ago. (romex and circuits)
Plumbing-  Duplex built in 50s with Copper
Other structures have Copper.
Roof to duplex was done a couple of years ago.

1 bed 1 bath House- No more than 800sqft (Estimate)
House - Has a 1 car garage onside and 2 spaces

1 bed 1 bath (shotgun style House)  Sub 400 sqft
Dinky-shack - Add front yard patio to create value

Duplex- Estimated at 1100 sqft (about 550 per unit)
One unit is very nice, one unit needs to be gutted.

* Note I got estimated sqft by using satellite view and comparing a cars length to the roof!!!



CAP EX Estimated at 60K
House-6K
Back 1 bedroom -8K
Cottage-5K
Yard private area for Cottage- 5K
Vacancy and cash for keys-5K

Pictures Below.
Link here for Additional PICTURES




Zoning
CUPD-CT-5-4
Zoning Info for CUPD-CT-5-4
RM-1-1
Zoning Info for RM-1-1



CT- 5-4. Development in the CT-5-4 zone is subject to the CC-5-4 zone use and development regulations if any portion of the development is also within the CC-5-4 zone and fronts on a major street as designated in the applicable community plan. If no portion of the development is in the CC-5-4 zone or if no portion fronts on a major street then the RM-2-5 zone use and development regulations apply

• RM-2- 5 permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area

Zoning shows two zoning- ?

RM-1-1 permits a maximum density of 1 dwelling unit for each 3,000 square feet of lot area 



Subject



Side




Front




house
Parking House
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In carport
Carport
House
house
House
House
House- River rock Post and Pier
Looking across back from Garage to small 1 bed Cottage
Flooring in House
One Bedroom in Duplex
1 bed in duplex
1 bed in duplex
1 bed in duplex
Fence South Side
Kitchen in Cottage
Bedroom in Cottage
Family room in Cottage
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back 1 bed in duplex
Back 1 bed in duplex
From Across the Street
Back


 
  











The neighborhood. Very close to University

Go West Young Man






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