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Image 1 - 3560-62 Island Ave, San Diego, California, 92102 - House for sale
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Home For Sale In San Diego, California
3560-62 Island Ave, San Diego, California, 92102

Home For Sale In San Diego, California

house for sale
Listed: 06/09/24

3560-62 Island Ave, San Diego, California, 92102

5 Bed:
3 Bath:
1,750 Sq Ft Living Area:
Save
Price
$ 1,2M

About This House

3560-62Island Ave is a turnkey 2-unit property in San Diego, situated on an over7, 000square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.

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San Diego Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 2 bed houses for sale in/near San Diego, United States averaged $996,388, an increase of 1.1% from the previous month.
Median price trends for properties for sale in San Diego, United States as of June 2024.

Household Income

Median household income: $79,646
Number of households: 513,698
The average household income in San Diego, CA grew from $76,662 to $79,646 in the past year. This data is an estimate based upon 513,698 households in San Diego, CA.
The chart below presents how household income is distributed in San Diego, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in San Diego, CA compared to median property taxes around the country. The prevalent amount of property taxes in San Diego, CA equals $3k+ , which is more than the national average.