San Diego, CA 92101,512 514 W Juniper St
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San Diego, CA 92101,512 514 W Juniper St
San Diego, CA 92101,512 514 W Juniper St
San Diego, CA 92101,512 514 W Juniper St
San Diego, CA 92101,512 514 W Juniper St

$2,006,000

Est. payment /mo

$1,995,000

0.6%
Est.Price: ?

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512 514 W Juniper St San Diego, CA 92101

4,952 Sqft Lot

SOLD DATE : 05/03/2024

Key Details

Sold Price $2,006,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Middletown

MLS Listing ID 240006718SD

Sold Date 05/03/24

HOA Y/N No

Year Built 1939

Lot Size 4,952 Sqft

Property Description

Situated on the Westernmost corner of Banker's Hill, one short block from the world famous dining and nightlife of Little Italy, lies one of the best multi-family opportunities in San Diego! This 4-unit property is easily converted to 6 units with highly desirable RM-3-7 zoning & conversion plans pending! Property consists of two structures, each containing top/bottom unit formats. The Eastern structure consists of a highly upgraded 3 bed/1 bath main house with 1930's charm and excellent curb appeal. Below, a turnkey, furnished 1 bed/1 bath STVR (furnishings convey!). Adjacent is a 550 sq ft storage room, prime for easily adding a 5th unit. The Western structure consists of a 2 bed/1 bath unit above & large studio below, as well as two single-bay garage bays adjacent, easily converted to a 6th unit. Three electric and two water meters. South/West-facing corner lot orientation full of natural light and multiple access points for tenants. Easy 6+ cap as it exists that can be brought well over 10 with an easy conversion. Tenants are on month to month or STVR for easy access/lease terms with maximum flexibility. This corner is one block and one world away from Little Italy. It has a peaceful suburban neighborhood feel, yet is mere steps away from the culinary and nightlife epicenter of SD. The San Diego Metro market is among the most competitive in the nation. Here is an opportunity that has incredible upside potential & can fetch above market rental returns starting today. Recent $2,200,000 appraisal available upon request! This longterm hold is a rental portfolio must have! Situated on the Westernmost corner of Banker's Hill, one short block from the world famous dining and nightlife of Little Italy, lies one of the best multi-family opportunities in San Diego! This 4-unit property is easily converted to 6 units with highly desirable RM-3-7 zoning & conversion plans pending! Property consists of two structures, each containing top/bottom unit formats. The Eastern structure consists of a highly upgraded 3 bed/1 bath main house with 1930's charm and excellent curb appeal. Below, a turnkey, furnished 1 bed/1 bath STVR (furnishings convey!). Adjacent is a 550 sq ft storage room, prime for easily adding a 5th unit. The Western structure consists of a 2 bed/1 bath unit above & large studio below, as well as two single-bay garage bays adjacent, easily converted to a 6th unit. Three electric and two water meters. South/West-facing corner lot orientation full of natural light and multiple access points for tenants. Easy 6+ cap as it exists that can be brought well over 10 with an easy conversion. Tenants are on month to month or STVR for easy access/lease terms with maximum flexibility. This corner is one block and one world away from Little Italy. It has a peaceful suburban neighborhood feel, yet is mere steps away from the culinary and nightlife epicenter of SD. The San Diego Metro market is among the most competitive in the nation. Here is an opportunity that has incredible upside potential & can fetch above market rental returns starting today. Recent $2,200,000 appraisal available upon request! This longterm hold is a rental portfolio must have!

Location

State CA

County San Diego

Area 92101 - San Diego Downtown

Building/Complex Name Banker's Hill Four

Zoning RM-3-7

Interior

Heating Electric, Radiant

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Lot Description Drip Irrigation/Bubblers

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5330650800

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Lee Shaprut • Berkshire Hathaway HomeServices California Properties
Bought with Stephanie Spaulding • Jordan Pacific, Inc.
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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