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.
Property Type
Residential IncomeCounty
San DiegoStyle
Residential IncomeAD ID
49340945
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Cooling Features
- See Remarks
- Air Conditioning
Heating Source
- Has Heating
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Exterior Features
Building Information
- Year Built: 1940
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1495
- Lot Size Source: Assessor
- Lot Size Square Feet: 6514
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Listing Information
Listing Price Information
- Original List Price: 1,395,000
- Listing Contract Date: 2025-04-11
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 4656410700
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: See Remarks
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 92115 - San Diego
- Directions: CrossStreet: Winona Ave & Madison Ave
- Zoning: RM-1-1
- Source Property Type: Residential Income
- Area: 92115 - San Diego
Building and Construction
- Property Age: 85
- Year Built Source: Vendor Enhanced
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 05/12/2025 @ 15:12
- MLS: 250024234SD
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 6,514 sized lot, and 0 parking. are nearby neighborhoods.