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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Data last updated 8:46 PM UTC, 2/20/2025