12/12/2022
This is your golden opportunity to invest in a quality new construction and renovation located in Golden Hill, San Diego! This lot includes 4 units featuring a main house (1090 sf, 3 bed, 2 bath), two twin townhomes (1591 sf, 3 bed, 2 bath), and one ADU (880 sf, 2 bed, 1 bath). The front house has been fully renovated and is leased through September 2023 (rent collected thru end of lease). Each townhome stretches 3 stories and offers parking, outdoor patios with views, brand new stainless steel appliances, quartz countertops, A/C, and their own private entrance. The entry floors have additional storage to conveniently put beach gear, sporting goods, or extra curricular equipment. You’ll find the large kitchen and living room featuring a long peninsula perfect for meal prep and entertaining. French doors lead to the private patios with neighborhood views, and from the third floor catch a view of downtown, the bay, and Coronado Bridge. Upstairs are the three spacious bedrooms. The 4th unit is an ADU, which will be completed before the close of escrow. Property is equipped with owned solar to reduce electric costs for tenants and therefore increase rent income. Tenants will love Golden Hill, filled with restaurants, bars, coffee shops, yoga studios, parks, schools, and a quick ride to downtown. This property is situated near Balboa Park, the San Diego Zoo, Gas Lamp, Coronado, beaches, major freeways, and it's super close to public transportation. Low cost of maintenance due to being new construction. GRM projected over 5%!!