A developers dream! Multiple value add opportunities and strong existing income ($9, 445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a7, 018 SFlot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is45, 617subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset's existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on site in the back.
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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.