Active

6831-33 Amherst St

San Diego CA, 92115

$2,095,000


$472.81 per sqft

Active

9 Beds

7 Baths

4,431 sqft

Multi-family

Built in 2000

Current 4-unit building has very large backyard with ability to build 12 micro units to create a 16 unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with all 4 units currently rented. Additional Opportunity exists with recent law changes allowing for an increased FAR with property having 2,600 sq ft of development space allowing the buyer to build 12 micro units (4 building structures that would each be 3 stories tall) at 210 sq ft/unit to achieve the highest and best use of the property that would perform at a 6.86% cap rate, the micro units would rent out for $1,300/month, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

250000332

MLS ID

January 6, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

9


Total Bathrooms

7


Full Bathrooms

7


Appliances

Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups


Fireplace

No


Cooling

Yes


Cooling Description

Other/Remarks


Heating

Yes


Heating Description

Electric, Natural Gas

Exterior/Building Features

Roof

Composition


Patio And Porch

Patio


Security

N/K

Other Property Details

Area Name

Metro Uptown


Days on Market

2


Garage

Yes


Garage Spaces

1


Parking

Garage, Garage(Attached, N/K)


View

No


County

San Diego


Pool

No


Pool Features

None

Listed by Compass, Seth OByrne,
Listing Contact: 858-869-3940 

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