$ 1,425,000
1135 41 26th Street San Diego, CA 92102
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$ 1,425,000
Est. payment /mo
Price Dropped by $125K
1135 41 26th Street San Diego, CA 92102
5,227 Sqft Lot
UPDATED:
11/09/2024 06:53 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 240018236SD
HOA Y/N No
Year Built 1941
Lot Size 5,227 Sqft
Property Description
Listing consists of two lots which must be sold together. 534-301-02-00 has the two one-bedroom cottages and 4 garages 534-301-01-00 is the vacant lot. Each lot is .06 acres. Live in one and rent-out the other to help pay for the mortgage! This duplex is located in a vibrant part of Golden Hill. It is on the path of redevelopment. Each unit has a small patio and off-street parking which is highly desirable in this part of the town. There are 2 1-car garages below each cottage for a total of 4 garages. This property in the path of major redevelopment and has the potential for 30 units on its on and many more when combined with adjoining lots. There are many possibilities. Buyers to verify the number of entitlements with the City of San Diego. The cargo container can convey. The nephew of the listing agent has 4 egg-laying chickens on the property in a fenced in area on the vacant lot. The Projected Income was based on doubling the 1139 rent of $1050. However, it would be expected that the rents could command $1750/month each with the 4 garages commanding $200/month separately. DESCRIPTION AND OVERVIEW Located on the coveted slopes of Golden Hill, overlooking downtown San Diego and a short walk to historic Balboa Park, 1135 – 1141 26th Street is an opportunity to build within the complete communities overlay and maximize density in with a minimal parking requirements area. A project can take advantage of 1) Complete Communities: Housing Solution Program. The listing is located in a 2) Parking Standards Transit Priority Area, 3) Transit Priority Area, 4) Transit Area Overlay Zone, and 5) Mobility Zone 2 in the RM-2-5 zone within the Greater Golden Hill Community Planning Area. An owner of neighboring lots may be receptive to joint development. The property is being marketed AS IS as the highest and best use would be a podium development of residential units. The vacant lot is zone commercial which could facilitate a street level enterprise such as a bistro or brewery. Golden Hill is a vibrant and diverse neighborhood located in the heart of San Diego, California. It is a historic district with a rich cultural heritage, which is reflected in the area’s architecture and landmarks. The neighborhood is known for its beautiful Victorian and Craftsman-style homes, many of which have been lovingly restored to their original grandeur. The community is also home to a diverse range of businesses, restaurants, and shops, making it a popular destination for both locals and visitors. In addition to its charming architecture and bustling commercial scene, Golden Hill is also known for its beautiful parks and outdoor spaces. One of the most popular is Golden Hill Park, which features a playground, picnic area, and stunning views of downtown San Diego. The neighborhood is also home to several other parks and green spaces, including Balboa Park, which is one of the largest urban parks in the country and is home to numerous museums, gardens, and cultural institutions. Balboa Park is a 1,200-acre urban cultural park located in the heart of San Diego, California. It is home to over 16 museums, several performing arts venues, beautiful gardens, and numerous other cultural and recreational attractions. Balboa Park, just a short walk from the property, is a popular destination for locals and tourists alike, and it has been designated as a National Historic Landmark and a California Historical Landmark.
Location
State CA
County San Diego
Area 92102 - San Diego
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
HOA Name NK - None Known
Senior Community No
Tax ID 5343010200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Brant Candelore • Brant Candelore, Broker