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Key Details
Sold Price $660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID 200053144
Sold Date 01/15/21
HOA Y/N No
Year Built 1951
Lot Size 6,098 Sqft
Property Description
2-unit complex with their own private yards, driveways & their own washer/dryer hookups. Has been completely remodeled in the past few years kitchen & baths were upgraded with new cabinets/stainless steel appliances, new flooring, new paint, new plumbing & light fixtures, new sewer line to the street. Can be great owner occupied with great cap rates even better if self-managed, live in one unit & rent out other unit. Great investment opportunity. Driveway to back unit #919 is off 51st. See Supplements See attachment under documents of all of the renovations made to the property. Tenants Pay water & SDGE. Urban Meters & Readers, Inc. is servicing the water sub meter. ATTENTION: Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in distressed communities throughout the country and U.S. possessions by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements. https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions. Please see IRS web page below for more information. Please see the link for the development across the street from subject property. Euclid Gateway Master Plan https://www.sandiego.gov/planning/community/cpu/encanto/egmp Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 921 Unit # for Unit 2: 919 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92114 - Encanto
Zoning R-2:MINOR
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater, Tankless Water Heater
Exterior
View Y/N No
View None
Roof Type Composition
Building
Story 1
Entry Level One
Water See Remarks
Level or Stories One
Others
Senior Community No
Tax ID 5424911800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing VA
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Bought with Evan Gill • Advantage Team Real Estate